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RobertSoos
Apr 10, 2016 7:52 PM

NZD/USD - triangle bullish break out Long

New Zealand Dollar/U.S. DollarFXCM

Description

Fed is strongly divided on monetary policy but even 2 rate hikes are below market expectations. Kiwi $ is an attractive currency for carry reasons also.
Techically for the NZDUSD long position to work out the 0,6760 support needs to hold (double bottom formation) + bullish candlestick formation has to appear. Without these two conditions not entering this position!

High risk-reward potential (approx. 1:5).
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