NZD GAINING STEAM ON THE UPSIDE. IS THE RUN SUSTAINABLE???
Following the downside drop of the
DXY
index that shows the strength of the Dollar,
NZDUSD
has been trending to the upside.
similar to its correlated pair
GBPUSD
. Will this hold for the long term?? let's wait and see.
my view is bulls will control the markets for the NZD/USD to the 0.6200 level.
ITS A GOOD TIME FOR A BUY ENTRY.
RISK REWARD RATION 5.4. ITS A SWING TRADE!!
DXY
index that shows the strength of the Dollar,
NZDUSD
has been trending to the upside. similar to its correlated pair
GBPUSD
. Will this hold for the long term?? let's wait and see. my view is bulls will control the markets for the NZD/USD to the 0.6200 level.
ITS A GOOD TIME FOR A BUY ENTRY.
RISK REWARD RATION 5.4. ITS A SWING TRADE!!
Trade active:
IN THE MONEY TRADE, HOLDING TO TAKE PROFIT BY END OF WEEK FRIDAY