NZDUSD is ready to fall?
NZDUSD / 1D
Hello traders, welcome to another market breakdown.
NZDUSD has been trading in a downtrend, as a trend following strategy, I have my eyes on this pair for many reasons :
1- The price started rejecting the old support making it a resistance zone.
2- The price is approaching a local trend line.
3- strong Fib level.
Combining all these confluences, the price might take another fall towards the last key level or maybe more.
Trade safe,
Trader Leo.
Hello traders, welcome to another market breakdown.
NZDUSD has been trading in a downtrend, as a trend following strategy, I have my eyes on this pair for many reasons :
1- The price started rejecting the old support making it a resistance zone.
2- The price is approaching a local trend line.
3- strong Fib level.
Combining all these confluences, the price might take another fall towards the last key level or maybe more.
Trade safe,
Trader Leo.
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