NZD/USD can test lower levels

NZD/USD can test lower levels

Trade idea

SELL 0.6825; TP1 0.6790; TP2 0.6755; SL 0.6840

NZD/USD met resistance around 0.6875 (resistance line connecting February highs). Above this area, the pair will face more resistance levels rather close nearby (0.6900, 0.6940 - previous highs). The decline below 0.6830 will confirm a “Double top” and make the pair move towards the support line connecting this year’s lows (0.6755).   

NZDUSD.png

Similar

EUR/CHF: the final target

Although EUR/CHF has already made a big leap to the downside, the weekly chart shows that the decline looks unfinished.

Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.

gbp

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