NZDUSD to bounce up from key resistance
NZDUSD has just touched on a key lower resistance and is poised to show short-term price gains.
Long-term outlook is likely still bearish, but we are currently trading within a range that will likely see further in-range price movements before descending lower.
Currently targeting 0.64400, T/P set at 0.64000, S/L 0.62000.
Long-term outlook is likely still bearish, but we are currently trading within a range that will likely see further in-range price movements before descending lower.
Currently targeting 0.64400, T/P set at 0.64000, S/L 0.62000.
Comment:
Early signs are that this trade will be in the money for us.