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SimonAllin
Mar 22, 2015 5:48 AM

NZDUSD Long Opportunity 

New Zealand Dollar/U.S. DollarFXCM

Description

There are a few good signs here that indicate we may see a reversal on the NZDUSD

A Double Bottom has completed.

Reversal Candle

Fib 618 retracement fits nicely taking into account the structure. (looking at a 2618 trade)

RSI will be interesting to watch - looking for oversold as we come back into the 618

Target levels are 81100 and 84000

Stop loss below the DB at 71600
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