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NZDUSD decline continues! What to do?
New Zealand Dollar / U.S. Dollar
Short
NZDUSD decline continues! What to do?
By ForexTrendline
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Mar 29, 2021
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Mar 29, 2021
Last week we saw an impulse drop of over 200 pips.
Minimal correction followed, but apparently the movement has no upward force.
This allows for new sell trades with a target of 0.6841.
The recommended stops are at 0.7041.
Thus we have a ratio of 2: 1.
If the previous bottom breaks, the stop moves to the entry levels!
For a moment of entry at this and other possibilities contact us!
downtrend
NZD
NZDUSD
Pivot Points
Support and Resistance
Trend Analysis
USD
ForexTrendline
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