NZD/USD Testing 20ema
2020-02-12 22:26:52
With the RBNZ rate decision long over now, looking for the kiwi to continue to fall against the stronger usd. Looking at the daily chart we see that the pair has been in a pretty strong downtrend for a while and now retesting the 20 ema. If the 20 holds as strong resistance with confirmed trend continuation on the 4h, looking to short with first target at .6350, then eyeing the .6300 handle.