ForexTrade

NZDUSD longer term picture

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
22 0 1
At the moment Daily bullish Flag is on the chart. If price goes down from that Flag, next level is ~0.6300. Bouncing from here can lead to break out from the Flag to the upside and next target would be ~0.6945-0.7000. At the moment I am waiting for the signal to Buy.
Comment: Long position open, stop loss 0.6440.
Comment: Very nice bounce from the support, confirming initial trading idea.
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