Forecast – BEARISH
Date Posted: 18 December 2019
Currency Pair: NZDUSD
Current Trend: SIDEWAYS
Forecast Move: DOWN
Key Tech Level: 0.6595
Trade Action: SELL
Stop Loss 0.6608 -25 pips
Take Profit 0.6508 +75 pips
Chart & Forecast Details
The Kiwi looks like it’s already started to roll over. But we have one last chance for some positive GDP data to send it back towards resistance at 0.6595. A positive GDP result isn’t going to change the current forecast move but it may give us just enough of a rally to sell at a great level!
Key Trade Day: Wednesday 19th Nov – NZD GDP
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