NZDUSD moving upwards for the past couple of months and there are certain signs RSI is showing that we have negative divergence for a long time. I expect the price to reverse soon and we can have a nice correction in the coming sessions and price can test the daily cloud. Buying looks risky at the moment. We have a possible double top shown in the chart. I expect a downside move and waiting for daily cloud to be tested soon.
Recommendations: Sell at 0.74300 with tight stop at 0.75000 and target is 0.7200 initially.
Good Luck..
Recommendations: Sell at 0.74300 with tight stop at 0.75000 and target is 0.7200 initially.
Good Luck..