NZD/USD - Short opportunity presents itself
An opportune time to short the Kiwi with the recent retracement that took place the last day. Heavy resistance around the 0.679 price range with a Fibo confluence to support this observation. RSI shows that general momentum is still on the bearish side.
look to enter below the previous 4H low. Note however that there is a possible support line @ 0.676 which may slow down the pair's decent, but ultimately, market sentiment should drive price action lower to the 0.668 area
Trade Safe, Trade Smart
Good Luck
look to enter below the previous 4H low. Note however that there is a possible support line @ 0.676 which may slow down the pair's decent, but ultimately, market sentiment should drive price action lower to the 0.668 area
Trade Safe, Trade Smart
Good Luck
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