NZD/USD sell opportunity after RBNZ induced spike
NZD/USD has spiked up after the RBNZ meeting. Market participants
reacted positively initially and hence, NZD/USD has spiked up to the resistance
level.
However, the spike may be faded very soon. Price has reached a strong resistance
level and it seems like the bulls might not be able to break it.
So, based on bearish price action, sell NZD/USD@0.7301-0.7320 with SL above
0.7350 and TP at 0.7180
reacted positively initially and hence, NZD/USD has spiked up to the resistance
level.
However, the spike may be faded very soon. Price has reached a strong resistance
level and it seems like the bulls might not be able to break it.
So, based on bearish price action, sell NZD/USD@0.7301-0.7320 with SL above
0.7350 and TP at 0.7180
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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.