NZDUSD SHORT IDEA

12 Tem 2020

Strong resistance was rejected on level .66025, retest was done on level .66010 which in my opinion can confirm short position on this pair. I will take tight SL on retest level .66010 and expect TP1 on level .65176 from which the pair can bounce up. If sellers will manage to break out this level we could reach .64665 TP2 which is located on 61.8 Fibonacci retracement level. Let's see, USD is extremely weak past few weeks so let's see if it will gain some power.