On the NZDUSD chart, we can see that the instrument is testing the triangle 0.6700 level. If we get a daily close below this level we could see a test of 0.6600 level. This is the only downside resistance before a possible continuation into the 0.6300 level.
Note: look for the short trade entries with the stop loss above the 0.6700 level.
Top-down trading technical analysis revealed.
Through time we have developed a very respectable trading strategy which defines Entry, Stop Loss and Take Profit levels with high accuracy and allows you to make position Risk Free. We are publishing 5-10 trade alerts per week via real-time Private twitter feed!
