Short-term trades for NZD/USD

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NZD/USD is testing support of the short-term range between 0.6790 and 0.6760. The pair is likely to move down by 20 pips to 0.6737 (50-day MA).

NZDUSDH1.png

Yesterday, the price was supported at this point so it may provoke a rebound back to 0.6790 or 0.6820. The bigger picture is negative for the NZD as long as the pair is below 0.6820.

NZDUSDDaily.png

SELL 0.6760; TP 0.6737; SL 0.6770

BUY at 0.6790; TP 0.6820; SL 0.6780

SELL at 0.6730; TP1 0.67; TP2 0.6670; SL 0.6745

FBS Analyst Team

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