Chart of the Day NZDUSD

NZDUSD is rejected from 0.6500

NZDUSD is being rejected by the .6500 level for a downside continuation extension. This rejection is opening a further downside extension. Only a daily close above 0.6500 could invalidate a downside extension and that is where the stops for the short trades should be. ARMAT trading system is neutral to short 

Note: look for the short trade opportunities with the stop loss above  0.6500

 

 

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