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NZD/USD Selling Opportunity?

MultiBank Exchange Group
By MultiBank Exchange Group

NZD/USD found strong resistance at the third warning line (WL3) of the former descending pitchfork and now is challenging the 0.7484 static support (resistance turned into support). We may have a selling opportunity if will close below the 0.7484 level and if will retest the warning line (WL3), the first downside target will be at the 0.7375 level.

MultiBank Exchange Group
MultiBank Exchange Grouphttp://www.mexgroup.com
Multibank Exchange Group (MEX Group) is a multinational financial derivatives dealer. Established in California in 2005, MEX has offices in several countries around the world, including the US, the UK, Australia and China. Mex Group is regulated by the Australian Securities and Investment Commission (ASIC) in Australia, the Ras al Khaimah Free Trade Zone (RAK) in the United Arab Emirates and the Financial Services Commission (FSC) in the British Virgin Islands.

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