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Nzdusddaily

NZDUSD approaching resistance, look out for potential reversal! NZDUSD is approaching its resistance at 0.64440 where it is could reverse down to its support at 0.63957. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Short
by Pepperstone
NZDUSD has formed a bullish Shark | Upto 20% expectedPriceline of New Zealand Dollar / US Dollar Forex trading pair has formed a bullish Shark and entered in potential reversal zone to hit the sell target zone soon insha Allah. Price action is hitting the support of bollinger bands. Volume profile of complete pattern is showing less interest of traders at this area. Stochastic is oversold. But MACD is turned weak bearish from strong bearish and Stochastic did not give any bull cross sofar therefore I would suggest to wait for MACD to turn weak bearish or for bull cross from Stochastic then buy. I have used Fibonacci sequence to set the targets: Buy between: 0.63480 to 0.60336 Sell between: 0.66230 to 0.72463 Regards, Atif Akbar (moon333)
Long
by moon333