Downtrend Pull back in NZD/USD

NZD/USD Daily Chart :


NZD/USD Daily Chart
NZD/USD Daily Chart 


We can see a strong downtrend from 0.6757 and economic hit from coronavirus story.Short term pullback may see in NZD/USD pair and that will be a good opportunity to short the pair.
Let's go in a lower time frame to analyse best odds in our favour to short. 

NZD/USD 4H Chart :


NZD/USD 4H Chart
NZD/USD 4H Chart 

Swing High 0.66300 and Swing Low was 0.64490. If we take Fibonacci retracement of this swing high low then potential pullback may see between 0.38% to 0.61%.

We will give confirmation after seeing Price action at this level for the entry on telegram channel.


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