NZDUSD is trading in a tight range
NZDUSD
The swing momentum was slowed and downward trend was resumed after reaching the September high 0.67880 it felled towards 0.66000 level.
The key support price also broken at 0.67416 which is a clear sign of bearish trend and now this pair is trading in a range.
We can short this pair and the potential take profit would be 0.66000 which is a 61.8% Fibonacci and key psychological level. Stop lose may place above the 0.67400 level.
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Disclaimer
It’s not a financial advice. Do the analyze and take a decision.
The swing momentum was slowed and downward trend was resumed after reaching the September high 0.67880 it felled towards 0.66000 level.
The key support price also broken at 0.67416 which is a clear sign of bearish trend and now this pair is trading in a range.
We can short this pair and the potential take profit would be 0.66000 which is a 61.8% Fibonacci and key psychological level. Stop lose may place above the 0.67400 level.
Please give us a thumbs up if u like our work and do follow us so that you can get a regular update about upcoming setups and ideas
Disclaimer
It’s not a financial advice. Do the analyze and take a decision.
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