Rodica
Short

NZD/USD Long Term Review

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
35 0 0
I know this is a monthly chart and it's a long shot for a lot of traders. This is the type price action I'm looking for to position myself into long term patterns and get some good pips out.
It looks like Kiwi respects 38% retracements and most of the weekly and monthly moves are measured .
A confirmed move below 1.68/1.6750 will take this pair into downtrend continuation.
That's a risk off scenario so a lot of Kiwi pairs will have great R/R plays.
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