NZDUSD Bearish outlook is what we have since the pair was not able to break our downtrend line and Daily resistance around 0.77453 price mark four weeks ago.
We are already selling since 0.73907 as we see the possibility to see the pair breaking our support level at 0.72813.
Our expectation is to see the pair down to the 0.67, 0.68 levels, therefore our targets.
NZDUSD Trading Positions Ideas (Selling)
- SELL NOW at 0.73090 SL 0.73585 (Tight SL to get out of the trade in case or wrong trade.)
- SELL-LIMIT AT 0.73398 SL 0.74134
- SELLSTOP at 0.69931 SL 0.73953 TP 0.66640
We let you place or change your Targets as you see fit.