Chart in Focus: Daily NZDUSD
The NZDUSD moved lower today after trying to push higher intra-day. Near-term momentum is clearly to the downside in this market and we could see more losses into the next key support near 0.7850. Traders can look to join this bearish momentum on a retrace higher to intra-day or daily resistance, pending a bearish price action sell signal.
The NZDUSD moved lower today after trying to push higher intra-day. Near-term momentum is clearly to the downside in this market and we could see more losses into the next key support near 0.7850. Traders can look to join this bearish momentum on a retrace higher to intra-day or daily resistance, pending a bearish price action sell signal.
