TradingView
ForecastCity
Aug 7, 2020 5:55 AM

Don't miss the great buy opportunity in NZDUSD Long

New Zealand Dollar/U.S. DollarFXCM

Description

Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.6655). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. NZDUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 56.

Take Profits:
TP1= @ 0.6715
TP2= @ 0.6730
TP3= @ 0.6755

SL= Break below S2

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Comments
Kamryn
Thanks for your ideas.
ForecastCity
@Kamryn, Happy to help! Thank you for your comment.
Kristalyn
I really appreciate your work.
ForecastCity
@Kristalyn, Thank you for your comment.
Josef_anderson
Very helpful
Thanks
ForecastCity
@Josef_anderson, Happy to help! Thank you for your comment.
fxniki
Good choice. Thanks for sharing it.
ForecastCity
@fxniki, You're welcome.
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