NZD/USD: trade idea
Tatiana Norkina, an analyst at FBS
The currency pair was collapsed into negative territory this morning. It is obvious that in this case we expect a strengthening of bearish sentiment.
Indicators сonfirm the same idea. Thus, Ichimoku line began to rebuild, forming a dead cross and narrowing the bullish cloud. MACD is located below the zero mark, and RSI has been demonstrating the reduction 2 days running.
The first bearish goal may become the level of 0.7770, then - 0.7740.
Technical levels: support - 0.7740, 0.7770; resistance - 0.7845.
1. Sell - 0.7830; SL - 0.7850; TP1 - 0.7770; TP2 - 0.7740.