- Short Term trade idea for NZDUSD
Sell at 0.73250 for a drop towards 0.71340 towards 0.69590
Stop loss at 0.74620
Reason For Short
Market close to and pulled back below resistance.
Market currently below 0.73250. This is the 23% Fibo retracement level. A close below this level will strengthen the play for a drop towards 0.71340 which is the of the whole move.
currently also shows some slight divergence and also some room for downside.