Forex Signals – NZD/USD Technical Analysis and Forecasts [07-07-2020]

NZDUSD Forex Trading Signal

NZDUSDTechnical Analysis and Forcasts 

Price Expected to Continue Downtrend.

Time Frame- 4H

1- Market Sentiment – Bearish.

2-Price Bounce Back at Resistance Level

Trade Setup

Position :- Short
Entry Level :- 0.6541
Stop Loss Level :- 0.6600(60pips)
Take Profit Level :- 0.6200(340pips)

Alternative scenario

UP Trend Maybe Continue if price break Above 0.6600 which will leads to 0.6750

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Note:-

Forex Trading is Highly Risky Business , do your own research and be aware of the risks and rewards. Always use Stop Loss. 

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