NZDUSD - Snowboarding down the mountain
It is still dab smack in the middle of winter and NZDUSD is still going south bound.
This is just my opinion and I can't wait to see where the price action will go from here.
- Candles are below SMA 200 and EMA 50 showing downtrend bias.
- Prices consolidated for about 5 days and may have just broke out of consolidation.
- Sell Stop to be set at the lowest price for today IF candle closed below 0.66268.
- SL at 0.6996 and TP1 at 0.6080 and TP2 at 0.58318. Both TP are based on monthly support or resistance lines.
This is just my opinion and I can't wait to see where the price action will go from here.
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