FX:NZDUSD   New Zealand Dollar / U.S. Dollar
NZDUSD             just held a major support area a few weeks back at the 0.70 level where we have channel support, a previous resistance/support area and a .786/.886 fib level of the previous leg up. We then proceeded to break/retest the current downtrend line from 0.75 to 0.70. I am long targeting 0.75 then 0.77. 0.71 is a great stop loss and our first target will yield a 7:1 risk/reward.
Comment: Although the USDOLLAR is bullish right now and I spoke about a short position in EURUSD. I still think the NZDUSD is a hold, with a stop loss below 0.73 below the recent pin bar. This will still allow the trade to run, which I still think has a lot more room to possibly go and the risk/reward is still great as well.
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out