NZD\USD Short
The downtrend that started from the level of 0.62178 continues.
The level 0.60475 could not be broken for the first time, after which the price bounced to the level 0.61476 on the four-hour timeframe. After unsuccessful attempts to overcome it, the price resumed its downward movement and stayed at 0.60985, after which it resumed its hike to 0.60475. This time the level was broken through and it seems that it will be possible to consolidate under it, which will mean the continuation of the downtrend. The first target is 0.59825 on the four-hour chart, the second target is 0.58715 on the daily chart.
Special attention should be paid to the CPI news released at 22:45 GMT.
Since there can be a strong volatility at the news release, I set a stoploss of 30 pips..... The entry was on the 15 minutes chart
The level 0.60475 could not be broken for the first time, after which the price bounced to the level 0.61476 on the four-hour timeframe. After unsuccessful attempts to overcome it, the price resumed its downward movement and stayed at 0.60985, after which it resumed its hike to 0.60475. This time the level was broken through and it seems that it will be possible to consolidate under it, which will mean the continuation of the downtrend. The first target is 0.59825 on the four-hour chart, the second target is 0.58715 on the daily chart.
Special attention should be paid to the CPI news released at 22:45 GMT.
Since there can be a strong volatility at the news release, I set a stoploss of 30 pips..... The entry was on the 15 minutes chart
Feragatname
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