According to NZD/USD hourly chart, it's trying to walk upward after completing the double top chart pattern. Before walking up, it has to come down to hit trade 2.
Look at the Volume and Stoch RSI before taking a new long position. The volume is declining, and RSI collapsing. Day traders can initiate short positions nearby Dynamic Resistance for the target of 0.6626 - 0.6610 - 0.6600.
I have used 30 & 62 MA to identify trends. At present, it's indicating a buy signal. So we cannot long hold on a short position. And we can early adopt the long position for targets of 0.6646 - 0.6680 - 0.6700.
Look at the Volume and Stoch RSI before taking a new long position. The volume is declining, and RSI collapsing. Day traders can initiate short positions nearby Dynamic Resistance for the target of 0.6626 - 0.6610 - 0.6600.
I have used 30 & 62 MA to identify trends. At present, it's indicating a buy signal. So we cannot long hold on a short position. And we can early adopt the long position for targets of 0.6646 - 0.6680 - 0.6700.