NZDUSD Short Idea
Price action perfectly rejected off the daily 38.2% fib level around 0.64280 and is showing strong bearish pressure toward our target at the -27% fib level around .60440
This pair may show a slight pullback at the current level which would potentially give us another opportunity to enter on a lower high followed by more bearish variations
If that does not happen and price continues to push through this minor support just look for a retest of the broken support which will then be resistance as well as a retest of the moving averages, always look for confluence to best support the idea for a trade
Price action perfectly rejected off the daily 38.2% fib level around 0.64280 and is showing strong bearish pressure toward our target at the -27% fib level around .60440
This pair may show a slight pullback at the current level which would potentially give us another opportunity to enter on a lower high followed by more bearish variations
If that does not happen and price continues to push through this minor support just look for a retest of the broken support which will then be resistance as well as a retest of the moving averages, always look for confluence to best support the idea for a trade
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.