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martin1024

NZDUSD long in the channel

Long
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
martin1024  
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Parallel Channel upward
3
0
parallelchannel upward
NZD is currently in the uptrend channel and I think it is a good idea to enter long trade on the dip.
SL and TP as in my chart.

Fundamentals: USD should not have much space to rise as FED rate hike is already priced in the current price of greenback. On the other hand, NZD is a commodity currency and that's why OPEC deal could help it.
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