NZDSEK: Sell opportunity within the 1W Channel Down.

The pair is trading within a 1W Channel Down (RSI = 47.865, MACD = -0.019, Highs/Lows = 0.0000) since March and the neutral technical indicators suggest that the price made a Lower High within the Channel and is preparing for the next bearish leg towards a new Lower Low.

On top of that the Lower High rejection (on the inner dashed trend line) took place on the 1D MA200. We have 6.0100 - 6.0500 as the Target Zone.





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