Why I want to sell Kiwi?

I would want to sell Kiwi on upticks. The reason is the bearish price RSI divergence on the daily chart and more important reason is the presence of the lagging bullish indicator – golden cross – 50-DMA & 200-MA crossover is set to happen in a couple of days. That is almost always a contra indicator.

Daily chart

Screenshot_7.jpg

Will be looking to sell NZD/USD on upticks in the range of 0.73-0.7320 for the downside target of 7200. Will place stops 0.7350

 

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