Hello Traders, welcome to the Daily Forex technical analysis
. Today is July 17th, 2019 and we will be taking a look at the New Zealand Dollar
against the United States Dollar. Looking at the 4 hour time frame we are looking for price action to cool off a bit and possibly retrace with a minor pullback to set up a long trade that yields a greater R/R. If price action can pullback into the .665 support and resistance
area, and find some good support in that region to continue upwards we will be looking for a profitable long entry. Entry for a Long position near the .66549 area, with a Stop Loss near the .66291, and a profit level area of .67299 to ensure a profitable trade with a 2.91 to 1 R/R. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!