NZDUSD Trade Idea

٥ يناير ٢٠٢١

In yesterday's analysis, I noticed that sellers' were in control of the market due to the over-extended condition and expected further bearish momentum towards 0.7171 after a rejection from 0.7216 minor resistance, which was exactly what the market performed. As NU kept failing to re-visit the highs, will be looking for short-term selling opportunities if price is rejecting 0.7200 - 0.7210 zone with trendline confluence, with 0.7145 as the initial target.

Trade safe.

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٥ يناير ٢٠٢١

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