PRICE ACTION NZD/USD

Hello Price Action Traders.

NZD/USD

Let’s take a look at the NZD/USD daily chart. Today the “Kiwi” is attempting to break Friday low. You can identify the last candle as a daily Pin Bar that rejected the resistance level at 0.85425, the 21 EMA and the bearish trendline. This could be a very interesting trade due to the confluence of three signals. Also consider that they’re in the direction of the trend. However, as I said in the previous post the Reserve Bank of New Zealand is going to take decisions on Interest Rates on Wednesday.

 

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Luigi, professional trader member of Hereforex.com

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