Hello fellow community members,
Today we have pulled NZDUSD chart with the daily time frame. The pair looks like approaching the confluence of the well-established resistance lines. Here we may see sellers jumping in to push the pair back to the lows at .6840 levels.
NZDUSD DAILY CHART
As the stochastics is already overbought and RSI is also almost overbought, So the behavior of the pair near confluence will decide if We will enter the shorts or not.
Any comments about the setup are welcome.
Ha…