Rocketman
Long

NZDUSD 15 minute chart and Upcoming News Release

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
24 0 1
It looks like NZDUSD             is building up pressure for upcoming data to be released later on today at 4:45pm New York             time. The consensus is that NZD's trade balance should worsen, but according to what I see, I think that the trade balance will be better than expected. Then, what's more, looking at the 15 minute chart, I see double pressure from both bulls and the bears. I think 0.67 is a god target.

When the US data is released, it may or may not push the NZDUSD             down to other levels of support to find buying opportunities. So, I will wait for the US data to come out.

The current risk/reward is good. I if it breaks then the will look for further lower entries to go long if I am awake.

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