Weaker USD means buying pressure on the other currencies

Long

New Zealand Dollar / U.S. Dollar (FX:NZDUSD)

Updated

FX:NZDUSD New Zealand Dollar / U.S. Dollar

Trend Analysis NZD USD NZDUSD LONG 4h pullback trend northkorea korea

trendanalysis nzd usd nzdusd long 4h pullback trend northkorea korea

The recent North Korean fiasco has pushed the USD down from the cliff and other related pairs have started gaining buying momentum. NZD has recently respected the daily support level and shoot up after today's North Korean drama. The price on NZDUSD is likely to retest the daily resistance level and have potential to have further upside move. I'm waiting for a discount on price to go long on the pair.

Comment:

Long trade triggered

Trade closed: stop reached

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