NZDUSD Strong sell opportunity.
The NZDUSD pair gave us last time (June 26, see chart below) a solid sell signal, even though the Target just fell short of being hit:
The price is giving yet again a sell signal as not only it fulfilled the 0.786 Fibonacci retracement level and got rejected but also the 1D RSI hit and got rejected exactly on the 70.00 overbought barrier, which is where all tops since late 2022 have been priced.
As a result, we expect the pair to initially hit at least 0.6000 towards the end of this month.
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The price is giving yet again a sell signal as not only it fulfilled the 0.786 Fibonacci retracement level and got rejected but also the 1D RSI hit and got rejected exactly on the 70.00 overbought barrier, which is where all tops since late 2022 have been priced.
As a result, we expect the pair to initially hit at least 0.6000 towards the end of this month.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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