Greetings Fellow Traders,
NZDUSD managed to finish off the week on a bearish close below a key technical support I've been keeping my eye on. On the daily and weekly time frame I will be looking to enter short on NZDUSD around .6590 to .6600, initial targets will be looked at by the 2015 lows and ultimate targets could be as low at .55-.57 based on the new bearish strength.
Watch for the daily/weekly next week to close above the .6620 area for any immediate concerns regarding this bearish opportunity.
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Any questions feel free to ask or start a discussion
NZDUSD managed to finish off the week on a bearish close below a key technical support I've been keeping my eye on. On the daily and weekly time frame I will be looking to enter short on NZDUSD around .6590 to .6600, initial targets will be looked at by the 2015 lows and ultimate targets could be as low at .55-.57 based on the new bearish strength.
Watch for the daily/weekly next week to close above the .6620 area for any immediate concerns regarding this bearish opportunity.
Feel free to comment/like/follow
Any questions feel free to ask or start a discussion
Comment:
Full Steam Ahead - Trade Entries were made - End of week likely to see aggressive selling starting tomorrow. .6375 initial level to secure
