NZDUSD- Swing Trade (Short Idea) Short
New Zealand Dollar/U.S. DollarFXCM
Description
⋅ Weekly - Bearish
Daily - Bearish with retracement.
Confluences
- Failed to break previous above previous structure.
- Applied Fibonacci and sharply rejected the 0.786 level
- Correlates with the DXY and so when the dollar goes up any currency pairs against the dollar will go down.
Let me know what you see in the comments below?
Trade safely!