Hello fellow traders and community members,
There is a high probability for the NZDUSD to find resistance near .7300 area as this is the confluence of the two trendlines.
NZDUSD DAILY CHART
![](//www.dukascopy.com/imageserver/img/6e22db4496d72c4b0cab2a43df4dafa4/500_2/image.jpg)
The idea is to wait for the price action on the daily chart and see a bearish engulfing or the bearish pinbar to place the trade.
Happy trading to all.![Smile](https://dukascopy.asia/fxcomm/js/wysibb/theme/default/img/smiles/sm1.png)
There is a high probability for the NZDUSD to find resistance near .7300 area as this is the confluence of the two trendlines.
NZDUSD DAILY CHART
![](http://www.dukascopy.com/imageserver/img/6e22db4496d72c4b0cab2a43df4dafa4/500_2/image.jpg)
The idea is to wait for the price action on the daily chart and see a bearish engulfing or the bearish pinbar to place the trade.
Happy trading to all.
![Smile](https://dukascopy.asia/fxcomm/js/wysibb/theme/default/img/smiles/sm1.png)
![](http://www.dukascopy.com/imageserver/img/61def60053ba6baeaba908ddb4c27e16/500_2/image.jpg)