NZDUSD Daily - Key Reversal


Downside pressure should be seen increasing as a key reversal candlestick formed on daily chart.

Favoured trade: Short congestion up to 0.6900, Take profit 1: 0.6862, where a break will expose Take profit 2: 0.6842 a more serious downside will be contained in congestion around 0.6800.

Trade carefully, best luck!

Attached chart:

NZDUSD reached just above tp1 0.6862. but we can’t rule out another test of the level and a break as well.

Selling rallies still recommended on NZD unless we see a daily close above 0.6945 recent high.