FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Price approaching a trend line . Waiting for a bounce to confirm it as a the next buy zone. US GDP data today surpassed the forecast 2.1% compared to 1.8% expectation. Next week could show a reverse on smaller time frame for a long or short it again. The pair will have the most movement on Wednesday after the FED announces its rates, expected to lower it by 0.25%. Also Non-farm on Friday. So big movements in NZDUSD next week. Look for opportunities to get in early in the trade before major volatility kicks in and not to get caught in the spread increase. Good Luck!
Thanks for sharing! I agree with you. Im waiting reverse on trendline and rebuy again. Lets see if not break down. Happy trading :-)
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@tris12, you are welcome :)
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