FX_IDC:USDNZD   US Dollar / New Zealand Dollar
36 0 1
This pair is heading for news in the next few hours and days. I believe it's a bullish pair at the moment as Kiwi sentiment is low. In the past 12 days, 11 of those days have seen the NZD trade lower against the greenback. The pair has also failed to closed below the 0.764 fib level and even though it's broken my subject support line, i believe the pair will rally back up to at least test the trend line . Second profit target might be towards the 100% fib level reaching previous structure high.
Trade closed: target reached: Trade analysis was accurate, so was prediction of news event. To be safe I had a small target of 75 pips which price broke through nicely, next time a second profit target of 100% fib line should be considered. Happy with trade overall.
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