FX:NZDUSD   Dollar New Zealand / Dollar AS
Looking at NZD/USD's weekly chart we can see it approached and bounced of a long term descending trend line initially bringing our attention to this pair. Heading onto the daily chart we can see the pair formed a double top (highlighted by the yellow line) this was put in place after price was following a ascending trend line. NZD/USD went on to break and close below both the inner and outer trend lines supporting our downside target. Going on to the 4 hour chart we can see the 100 SMA crossed above the 50 SMA securing our downside bias, after this we executed our sell trade with a downside target zone of 0.62543 - 0.60592 (green zone)

Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.