Hello Traders,
Is it safe to say the NZD party is over? It sounds nice maybe because the party is truly over if technical indicators are anything to go by. Evidently, Q1 2018 was superb for NZD and from price action, I really think it’s time to cash out. Like we have been saying,
this currency pair is trending well in the oversold territory and what we need is a...
Chances of AUD gaining is high. not only are prices trending at major supports in the 4HR chart but they are at oversold territory in the weekly chart. Furthermore, there is an under-valuation in the 4HR chart complete with a buy signal in place.
Stops at 1.05 and a minimum of 350 pips in profit in the coming weeks.
