NZDUSD-Are Sellers Taking Position
RSI dipping downward from overbought readings. Sellers were in control today as price falls to close at .71455. Sellers were taking positions in supply zone (black lined banded area) potentially selling short for first and second profit target areas. Supply zone and indicator suggest selling short.
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.