Although USD has been under intense sellers pressure, this pair is showing some signals for a correction for a bearish NZD. Price action shows evident fatigue from the uptrend, together with the bearish divergence signaled by MACD.
A sell-stop entry gives enough room to target an R:R|1:2, targeting the previous resistance level as a great magnet for the price action to head towards.
S/L: 40 pips
A sell-stop entry gives enough room to target an R:R|1:2, targeting the previous resistance level as a great magnet for the price action to head towards.
S/L: 40 pips
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