Selling NZDUSD into swing highs.NZDUSD - 20h expiry - We look to Sell at 0.6425 (stop at 0.6465)
Previous support located at 0.6300.
Previous resistance located at 0.6400.
Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 0.6425, resulting in improved risk/reward.
A move through 0.6300 will confirm the bearish momentum.
Our profit targets will be 0.6325 and 0.6305
Resistance: 0.6400 / 0.6425 / 0.6500
Support: 0.6300 / 0.6225 / 0.6200
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