FX_IDC:NZDUSD New Zealand Dollar / U.S. Dollar
Hi fellow traders, NZDUSD has completed this larger correction in an ABC formation. It's quite common to see a shorter 'C' wave. Since the other dollar quote pairs look ready for a move higher we are expecting to see NZDUSD do this as well. The trade will be invalidated if we break the red line. Target the resistance levels. Good luck and trade safe!
Trade closed: target reached