NZDUSD sell trade idea 06 10 2021
SELL NZDUSD 0.6914
SL: 0.6944
TP1: 0.6894
TP2: 0.6874
TP3: 0.6854
Signal Analysis by LCMS Traders
Currency Pair: NZDUSD
SELL NZDUSD 0.6914
Timeframe: H1
Step 1 - Previous News: NZD: RBNZ hiked interest rates by 0.25%, future tightening of monetary policy depend on inflation & employment, USD: ISM Services PMI continued expansion
Step 2 - Trend: Across, Trend Following
Step 3 - Support/Resistance: Moving Towards Support
Step 4 - Indicators
- Bollinger Bands: touch
- MACD: both down
- Stochastic: H4 heading into over sold
- PSAR: bearish
Step 5 - Upcoming News: NZD: -, USD: ADP Non-Farm Employment Change 2015hrs, FOMC Bostic speaks 2100hrs
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