Snehath
Long

Long term view of NZDUSD

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
We shorted NZDUSD             at 0.7020 and plan to hold this for the long term.
Trade active: I am continuing to hold on to this trade. The pair has broken 06810 and we are up by about 250 pips.

Stop Loss is just above 6810 - mine is at 0683
Trade closed: stop reached: Out at 6810 with 215 pips. The NZ news took out my stop.
So the pair bounced at 0.6810 as mentioned in the chart. If the pair can break below this we are going to see a big move to test the 2016 low. However this will be a long term trade that will take a few months to pan out
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