Wednesday Market Analysis: NZD/USD

Good day traders,

let’s hit them charts:

 

1. NZD/USD

Chart showing sell opportunities on NZDUSD

On the NZD/USD, there was a partial breakout of the consolidation band at the close of Tuesday’s daily candlestick. 

I see huge bearish potential between today (Wednesday) and Friday due to the multiple rejection of price within the consolidation band. Swing traders can start selling, using the last swing above the consolidation band to place their stop loss.

Day traders can hunt for sell opportunities on the lower time frame

What say you?

 

NOTE:

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