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.

Trading recommendations:

1. Sell - 0.7830; SL - 0.7850; TP1 - 0.7770; TP2 - 0.7740.

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