Forecast – BEARISH

Date Posted:       18 December 2019

Currency Pair:     NZDUSD

Current Trend:    SIDEWAYS

Forecast Move:    DOWN

Key Tech Level:    0.6595

Potential Opportunity

Trade Action:   SELL

Stop Loss          0.6608              -25 pips

Entry                  0.6583

Take Profit        0.6508             +75 pips

Outcome:

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

Brad Gilbert

CEO & Founder of Traders4Traders – Brad has been trading for 28 years and was a former Chief FX Trader for Citibank. Brad trades all markets and all timezones.

Trades: EUR, GBP, AUD, NZD, CAD, JPY, CHF, DOW, SP500, OIL, GOLD

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