NZDUSD / H4 / Daily Forex Technical Analysis / 6.5.2019
Hello Traders, welcome to the Daily Forex technical analysis. Today is June 5th, 2019 and we will be taking a look at the New Zealand Dollar against the U.S. Dollar. Looking at the 4 hour time were looking for price action to reach its previous zone of resistance near the .6646 area where we would look for an opportunity to short. Entry for a Short position near the .66461 area, with a Stop Loss near the .66869, and a target profit level area .65545 to possibly ensure a profitable trade with a 2.25 to 1 R/R.
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