NZDUSD: Looks Bearish for Short Term
NZDUSD made new high yesterday and since then it is falling. Price has broken below the tenkan sen and Kijun sen line on the 4hr chart and can target the cloud where the trend line support also lies. Breaking below the trend line support can push it towards 0.7200. But for now we can sell the pair and target the cloud support.
Recommendations: Short with stop above yesterday's highs and target 0.73800.
Recommendations: Short with stop above yesterday's highs and target 0.73800.
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