NZDUSD - Intraday - We look to Sell at market
Bespoke resistance is located at 0.6670.
Price action has formed an expanding wedge formation.
Further downside is expected although we prefer to sell into rallies close to the 0.6680 level.
We look for a temporary move higher.
Our outlook is bearish.
Our profit targets will be 0.6603 and 0.6591
Resistance: 0.6650 / 0.6670 / 0.6700
Support: 0.6600 / 0.6580 / 0.6550
Bespoke resistance is located at 0.6670.
Price action has formed an expanding wedge formation.
Further downside is expected although we prefer to sell into rallies close to the 0.6680 level.
We look for a temporary move higher.
Our outlook is bearish.
Our profit targets will be 0.6603 and 0.6591
Resistance: 0.6650 / 0.6670 / 0.6700
Support: 0.6600 / 0.6580 / 0.6550
Trade closed: stop reached
Stop reached!
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Related publications
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.