Good day traders.

Hi guys! Look at the above chart and tell me what you see?

NZD/USD 4 Hour Chart Analysis

Is the NZD/USD about to turn down?

Is there a swing trade opportunity in the making? Stochastics and the MACD is in the overbought levels. The price has more or less crossed the 61.8% fib level. The down trend line has been broken and now the price is testing the purple up trend line. If that breaks, more upside is on the way, maybe to 0.735. If the resistance holds and bears start to pour in, we can look at the price falling to 0.7142 level.

This is so interesting.

~ Ardy

Singapore Forex Trader