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NZDUSD – Sellers are still dominant

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
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NZDUSD – Sellers are still dominant

Trend: Strong Sell

Support/Resistance:

R2: 0.64505
R1: 0.63932
S1: 0.63309
S2: 0.62813

Price action:
At the moment NZDUSD is moving forward in trending idea from our previous ideas. We caught all potencial targets. But as we can look forward, this currency pair is going to touch lower targets. Our expectation on this pair is to hold below resistance level at 0.63932 and following first buyers target at 0.63309 support level . This support level might slow the flow or go even straing lower to second potencial target at 0.62813 support level .

Potencial trade idea:

Bears targets:
T1: 0.63309
T2: 0.63309

NOTE – We are trading NZDUSD via the preferred trading setups

Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.


Keywords:
Elite strategy, Custom Indicator, Fundamental Analysis , Tehnical analysis, Price action, Advanced strategies, Trading Education

Good trading!

Elitefxacademy

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