My trading journey with FXOpen

[radex78]

NZDUSD has rebounded and is once again approaching the resistance area. Over the past few days, the Kiwi has tended to move within a range-bound pattern. I am taking a short position here, placing the stop-loss at a higher level, near the next resistance point.

 

[radex78]

Today, we look at the NZDUSD pair. It is experiencing a technical rebound following a sharp prior decline. The strategy for today involves placing a sell limit order in the resistance zone around 0.53500. The current price is in the 0.56200 range. There is a possibility that this pending order may not be triggered.