NZDUSD is in an bullish uptrend. It has moved sideways in a range Watch Macd for direction
Bullish Range Breakout Trade Buy Stop .7073 Take Profit .7150 SL below Range top
Bearish Range Trade Enter below 100 sma Sell Stop .6965 Take Profit .6902 SL above 100 sma
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Red line on the chart is a 100 sma (simple moving average) Blue line on the chart is a 50 sma (simple moving average)
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Price will usually cross below the 50 sma and then go halfway and return to 50 sma then if market timing is right it will fall below the 50 sma again and go to the 100 sma. It has done all that but has paused at the halfway mark. We will see if price continues to the 100 sma or stays there or back to the 50 sma until the FOMC is done tomorrow.
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Sell Stop .6902
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Lets try again Sell Stop .6965 Price broke below 100 sma heading to bottom of range