NZDUSD Potential Sell
NZDUSD has high impact news expected tonight at 7pm EASTERN TIME that is about their business confidence.
In this analysis you can see that the 4 HOUR candle has hit this line which is a resistance level from the daily chart
There is obvious divergence on the 4HOUR and DAILY CHART and its very oversold on the 4HOUR, and nearly oversold on the DAILY.
I would watch this trade closely and try and see if you can get a good candlestick confirmation for entry, preferably before the high impact news at 7PM
I will put the link below for the news site, forexfactory.https://www.forexfactory.com/#closed
In this analysis you can see that the 4 HOUR candle has hit this line which is a resistance level from the daily chart
There is obvious divergence on the 4HOUR and DAILY CHART and its very oversold on the 4HOUR, and nearly oversold on the DAILY.
I would watch this trade closely and try and see if you can get a good candlestick confirmation for entry, preferably before the high impact news at 7PM
I will put the link below for the news site, forexfactory.https://www.forexfactory.com/#closed
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