NZDUSD H1 Analysis
The NZDUSD chart has rejected once more the resistance level it had already tested and rejected previously. We should see a downward trend in the short run, all the way through the support line indicated on the chart. A conservative approach (TP1) is half the target, while a more aggressive one (TP2) is placed just above the support line. The SL level is placed slightly above the resistance line; in case the price breaks it, we would see potentially more upward movement. Thus, the trade is executed as follow:
NZDUSD
SELL: 0.65500
SL: 0.66000
TP1: 0.64750
TP2: 0.64000
NZDUSD
SELL: 0.65500
SL: 0.66000
TP1: 0.64750
TP2: 0.64000
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