NZD/USD - Is Long feasible?

FX_IDC:NZDUSD   New Zealand Dollar / U.S. Dollar
Strong dairy auction might put a base here around 0.6550. Prices hasn't been collapsing and that's a good sign. Good risk rewards argues for a tiny long here expecting the retest of next resistance at 0.6640. Let's see how it develops and next few sessions will be interesting in defining the next good move.
UPDATE ( 8/19/2015 12:10 pm ) : Our first take profit target got filled overnight at 0.6595. Now thinking to get rid of the position at 0.6600 because overnight price action wasn't encouraging with price slumping back even with good news of Russia taking off the ban on NZ dairy products.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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