NZDUSD: Maybe A Good Short Opportunity
The price soars quickly in the last few weeks,and will it move further?
Strong resistance will be faced next.
The 0.786RET is at 0.734 level where also the 2.236REXT of previous sub-drop works.
Meanwhile the strong resistance zone is at 0.732-0.736 levels.
So it is good to sell at 0.732-0.736 levels when price action gives signals in the PRZ.
SL: above 0.740
TP1: 0.715
TP2: 0.701 and further more
Strong resistance will be faced next.
The 0.786RET is at 0.734 level where also the 2.236REXT of previous sub-drop works.
Meanwhile the strong resistance zone is at 0.732-0.736 levels.
So it is good to sell at 0.732-0.736 levels when price action gives signals in the PRZ.
SL: above 0.740
TP1: 0.715
TP2: 0.701 and further more
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