NZDUSD - Will it turn down from the critical zone?

PAIR IN FOCUS: NZDUSD
ACTION: SHORT
HORIZON: SHORT TO MEDIUM-TERM

Price has just moved above the CZ. We can look for short opportunities when price breaks down from the CZ. Conservative traders can wait for a clean break of the trend line. Watch for bearish action before any entry. As NZD pairs usually range, this set-up can take a while to play out.

The TP levels and Stop loss are indicated on the chart. Remember to manage your risk!

Feel free to discuss and comment, Cheers!

Free Telegram channel for FX Ideas -- https://t.me/tradermozo