TradingView
AlgoVenture
Oct 30, 2018 10:17 AM

NZDUSD Short - Falling Trendline, Supply Zone @ 618 Short

New Zealand Dollar/U.S. DollarFXCM

Description

NZDUSD has retraced for the half of today's trading session and is seen resisted at its previous high around 0.6555.
A double top is then forming, signaling for the price to fall further.
The price was also resisted within a supply zone @ 618 just below a falling trendline.

Comment

Price survived the retracement and begun falling. I suggest taking some profits when the price is near 0.65.
Comments
FXCM
Thanks for sharing this, I agree with your bearish view on NZDUSD as well as it is facing bearish pressure from its descending resistance line
<deleted>
FXCM
@FXCM-EDU, <deleted>
FXCM
More