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LouisYingTrading
Oct 10, 2017 5:22 AM

NZDUSD - Long Possibility - Updated Long

New Zealand Dollar/U.S. DollarFXCM

Description

Currency Pair: NZDUSD - Updated
Frequency: Daily
Predicted Direction

NZDUSD is nearly completed the corrective wave 2 with forming the 5-3-5 Zigzag pattern. It is expected the price will hit the support zone of 0.6990 - 0.6977 to finish its last impulse wave v before going up. The first target will look at the upper 50% Fib resistance level. If the price break through the resistance zone of 0.75143 - 0.74854 then NZDUSD will further target of the higher level of 0.78320 (61.8% Fib from July 14)

Comment

Comment

Waiting to hit my support and Buy in level at 0.69890

Trade active

Comments
PrecisionFXtrading
Im in agreement with entry arounf 0.6990, with SL/invalidation level at 0.6740, my target is at 0.7558.
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