NZDUSD BUY

The market does look very interesting at the moment. The level in which prices are currently trading at require us to have more patience than ever before and an even stricter risk management procedure. Before looking into the technical analysis we must first take into account fundamental data around the US dollar! If the dollar continues to weaken we will see NZDUSD continue its bullish momentum to the upside.

From a technical perspective, we have broken our trend line for upwards momentum- but most importantly price rested the broken trend line which is why we entered out long position.