- We see a ‘Bullish Cypher’ formation on NZD/USD 4H charts; with 0.6615 – Potential Reversal Zone.
- The MACD line crossed below its signal line on a 4-hour closing basis, suggests downside vulnerability ahead.
Potential Risk: FOMC meet due NY SessionTrade Idea: ShortEnrty: 0.6760SL: 0.68TP: 0.67 Short term strategy: LongEntry: 0.6615/75SL: 0.6570TP1: 0.6695TP2: 0.6744TP3: 0.6775
The material has been provided by InstaForex Company – www.instaforex.com