NZDUSD has breached a major weekly level. Short!NZDUSD has breached a major weekly level. The upper trend line was also rejected. Looking for a retest back to the lower trend line and possibly a break of that trend line. -StampsFX
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Nzdusdsell
NZD/USD - Important Resistance level!At the moment we are at a crucial Resistance level for NZDUSD. If it manage to break the level we could see a raise to around 0,69200. If the Resistance won't be broken we could see a drop to around 0,68500.
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NZDUSD - COMING BULLNZDUSD has retraced to Fibonacci retracement
level of 0.618 . I am now expecting a drop down
to around 0.67060
Also Stoch RSI is going into overbought territory.
once it crosses the red line i am expecting another
move up
See previous analysis
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NZDUSD SHORT1. Breaking down of a double inside bar formation.
2. Lower close of previous low identified in 1 hr bar. This gives us an entry signal
3. Rejection from structure. Unable to close above structure and above the 0.618 fibbs level.
*Did not include fibbs level as it would look too messy in the hart
4. RR is good for this set up.