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piptank
Jan 4, 2015 11:57 AM

Buying New Zealand Dollar Weekly View $NZD $USD #forex Long

New Zealand Dollar/U.S. DollarFXCM

Description

New Zealand Dollar is in a downtrend since topping at 0.88 in mid 2014. In the last months the downtrend slowed down after breaking major support line. I aspect a continuation in the downtrend to 0.760 (likely) to 0.750 (not sure but possible). At this level a plan to buy this pair. The next major support is at 0.74-0.73 (orange line).
Best Entry at 0.76 -0.755
TP1 0.78
TP2 0.80
SL 0.74
Comments
TheNickD
Very much agree. It is always good to hear someone voice the very same opinion as yours.

piptank
thanks and it's much better when opinions become sometimes reality
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