#NZDUSD ready to drop? #forex
The first setup of the following week is the short scenario on NZDUSD. The kiwi is dropping since april in kind of stairs. This allows us the next sceanrio. Currently sitting on the weekly resistance , before we formed a new lower low. Tested the daily resistance beyond and dropped within 2 days. Seems we have more pressure for a next downside move with targets of the last low and the 27% Fib level. But before this happens , we 're looking for a nice close of one of the 4hour candles , thats confirmes our signal. Trade safe and have an eye on the upcomming news on USD and NZD.
TEAM CRYPTO
TEAM CRYPTO
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