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VasilyTrader
Feb 21, 2022 6:04 AM

NZDUSD: Bearish Move From Strong Resistance 🇳🇿🇺🇸 Short

NZD/USDOANDA

Description



Hey traders,

It looks like NZDUSD is approaching a strong zone of confluence:
we see a nice intersection between a strong horizontal resistance and a broken support line of a rising channel.

From the underlined zone I will expect a bearish move to 0.669 / 0.666

❤️Please, support this idea with like and comment!❤️

Comment

Check my new idea on GOLD:
Comments
DeGRAM
good view
DXRKCLOUD_FX
the only real problem I'm having is given the current geopolitical circumstances, I don't know how GOLD & the major USD pairs will be dropping at the same time
TheSignalyst
agree Vasily. also looking for sell on NZDCHF
Solldy
thank you for the review. very well thought out!
VasilyTrader
@Solldy, you are welcome buddy!!!
VasilyTrader
Are you bearish on NZDUSD?
tejasthacker
@VasilyTrader, Great analysis. The pair is looking very bullish in short term but then it is also a bit overbought. We may see a reversal at the confluence because the medium-long term trend is bearish.
VasilyTrader
@tejasthacker, thank you for comment bro :)
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