Samnzimande

The US dollar gains on Market open

Short
FX_IDC:NZDUSD   Neuseeländischer Dollar / US-Dollar
A potential Short opportunity on NZDUSD, currently the market declined on a major support and resistance zone which it is on ur 50% fib level. Shifting to lower timeframes it was evident to what our daily timeframe conveyed with that being said it would be foolish of me to tell you sell now because this market is still a the peak and we need more confirmation to go short. Therefore I will strongly suggest we focus on price 0.66607 which if the market surpass that price it'll be confirming a perfect short, our target price at 0.66093 and for additional verification for the chart technical analysis using indicators we have our stochastic at overbought.

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