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NZD-USD-SELL

NZDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.61900 zone, NZDUSD was trading in an uptrend and successfully managed to break it out and now seems to be in a correction phase in which it is approaching the retrace zone at 0.619 support and resistance area. Fundamentally the market is pricing another rate hike in early May which should trigger some dollar strength especially after a bunch of Feds hawkish comments. Trade safe, Joe.
Short
by JoeChampion
2
NZDUSD:Approaching an important resistance zoneHey Traders, As DXY shows some strength i would love to consider Potential USD longs against commodity currencies like NZD, and as the stock market shows some downsides NZDUSD should be a perfect catch for the positive correlation between the two. Technically we have noticed that NZDUSD is approaching 0.627 supply and demand zone so i will be watching a potential reversal from the trend. in case the rejection is confirmed i would set 0.613 as a target as it's considered the next major support zone NZDUSD will be facing.
Short
by JoeChampion
10