NZDUSD taking retrace
NZDUSD seems to be taking retrace after touching its target at 0.7100 level. Currently it seems that it might head towards 0.7158 to complete its retracement but that retracement can further extend towards 0.7210 level.
These will be the two levels traders will be aiming to sell NZDUSD again for a target around 0.7080 level. RSI is around 40 and seems to be pretty good for selling of NZDUSD for target of 0.7080 level.
Recommended Trade:
Sell NZDUSD @ 0.7158 with Stop @ 0.7240 and Take Profit @ 0.7080
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