NZDUSD Is On The Way Of Strong Down Trend

NZD is loosing strength over USD as the other currencies. There is a strong downtrend on 4H chart and now price is around near the important resistence.

Both 2 vertical line examples are overbough areas regarding to RSI and Stochastic. This strategy can mostly useful for this pair nowadays. Last red candle is confirmation for downside movement predictions.

Short Position

Stop Loss: 0,8490

Target: 0,84274