NZDUSD Potential for bearish momentum | 19th May 2022

19 mai 2022

With price expected to reverse off the ichimoku resistance, we have a bearish bias that price will drop from our sell entry at 0.63669 in line with the horizontal swing high resistance and 50% Fibonacci retracement to our take profit at 0.62288 in line with the horizontal swing low support. Alternatively, price may break entry and head for stop loss at 0.64495 in line with the horizontal swing high resistance and 61.8% Fibonacci retracement.

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