I've set up a buy stop order @0.70983 with TPs near 0.72430 (daily resistance) and near 0.73298 (weekly resistance). With Fonterra (largest dairy company that sells NZ's milk products) raising its pay to farmers as well as improving economic data for NZ, it's highly likely that NZD will continue to recover between now and at least until before the next US Fed rate hike.
D:
W:
Confidence: B (assuming USD continues to be bearish in the short-run, this pair will continue to recover for at least a month before going ranging again based on weekly chart)
D:
W:
Confidence: B (assuming USD continues to be bearish in the short-run, this pair will continue to recover for at least a month before going ranging again based on weekly chart)
Comment:
www.fxstreet.com/ana...r-still-201705290532
Trade closed manually:
small gains <3 but will update this idea soon
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