BluetonaFX

NZDUSD Short Near Monthly High

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OANDA:NZDUSD   NZドル/米ドル
Hi Traders!

NZDUSD is testing the monthly high for the first time, and there is an opportunity for a short entry back to the support level.

Here are the details:

The monthly high at 0.62498 is the key level here, and as the market is testing it for the first time, we are looking for the resistance level to hold. The longer the market holds below 0.62498, the more likely it is to pull back.

Preferred Direction: Sell

Entry Level: 0.62474

Stop Level: 0.65089

Target Level: 0.61809

Technical Indicators: 20 EMA

Please make sure to click on the like/boost button 🚀 as your support greatly helps.

Trade safely and responsibly.

BluetonaFX
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