NZDUSD Bearish Pressure Continues, Find Sell Signal

in forex •  6 years ago 

(UPDATE: There are no significant changes in the reference / support / resistance area. This analysis is still relevant as a trading reference for April 10, 2019)

Intraday Preferences: BEARISH
Reference Area: 0.67495 - 0.67687 (look for BEARISH signal confirmation)
Support: 0.67185, 0.66993, 0.66779
Resistance: 0.67495, 0.67687, 0.67997

Comment: NZDUSD still moves in a bearish bias, from the TF H1 chart seen moving below the moving average.

For the NZDUSD trading strategy based on forex technical analysis today we can look for Sell signal confirmation if there is a correction to the area of ​​0.67495 - 0.67687.

The target potential is to the range 0.67185.

Sell ​​opportunities can also be taken if the support at 0.67185 breaks with the potential target to the range 0.66993 - 0.66779.

Be careful if the price breaks above 0.67687 because it will potentially frustrate this bearish scenario.

Alternative Strategy:
A break above 0.67687 potentially will be followed by an upward movement to the area of ​​0.67805 - 0.67997. So before opening a Buy position make sure the price has actually broken above that level

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