NZD: Breakdown of long-term support.

A breakdown of the long-term support level is possible. The target level will be determined by the long-term model.

Comment:

The upward momentum is caused by Trump's words about an overly strong dollar. Let's see if the trend against the dollar is going to be common or whether the movement against the dollar will die out against the background of the lack of suitable news.

Comment:

Trade closed: stop reached

Comment:

Possible level for the second extremum of the descending resistance level.

Trade active:

Trade closed: stop reached:

Result: stop loss 65 pips + commission. Initial profit factor (profit / loss) > 9.