NZDUSD - Bearish and Sell .6437 Rally

25 Haz 2020

Despite Tuesday closing little changed yesterday's signals pointed just cautiously lower. This outlook was proven correct as sentiment gave up this week's initial gains via a lower daily high & low with losses of just over 1 Big Fig. As such, signals for Thursday remain bearish and the call is to sell at the open and then at Wednesday's low at .6437 with a stop loss at yesterday's London high at .6470. Targets are to Monday's low at .6384, the 200 DMA at .6324 or even the Jun 2 bottom at .6263.