NZDUSD: Sell Opportunities

2019-12-16 13:21:02

The market stays overbought, and it is ready for a correction movement to 0.65000 support. If so, we will have sell opportunities from the daily and hourly charts.

RSI line is in the overbought zone and it will be able to give us a good reversal signal. We have a reversal candlestick pattern. MACD histogram supports a downward movement.

If fundamental factors don't support the market, it will be possible to open sell trades.