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EliteTradingSignals
Oct 7, 2023 1:10 PM

NZD/USD BEARISH BIAS RIGHT NOW| SHORT Short

New Zealand Dollar/U.S. DollarFXCM

Description


Hello,Friends!

NZD/USD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 9H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 0.592 area.

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Comments
WalterMoon
Good NZDUSD idea, agree!
Setupsfx_
Nicee
TopTradingSignals
Yes, thank you!
AlkalineFX
Good supply zone
ArmanShabanTrading
Nice work!
MonoCoinSignal
A superb read, your analysis is always thorough.
FirstNameHelen
Strong and excellent analysis as always
EliteTradingSignals
What are your thoughts on NZD/USD ?
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