CapitalHillFX

Sell Setup on NZDUSD

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OANDA:NZDUSD   Dólar Neo-Zelandês/Dólar Americano
Looking at NzdUsd, the decisive bearish push that price has recently exhibited has led me to believe that this is more than a retracement to the long term bullish momentum. We could be seeing a bearish trend reversal. Something that would confirm this bias is a break of this significant daily support level. If price manages to break this level, and come back to retest as resistance, I'll be looking for sell opportunities. Most likely something to look out for next week!

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