Right now is a low risk trade
price hit week support again at 1.6914
over the last 3 hours since japan open price showing upwards travel
you could go long when price is in Purple box
But would keep stop loss around 1.6910 depending on how much risk you are willing to take.
Your take profits should be 1.6960 and 1.7000 (yellow lines)
If first take profits...
NZDUSD has be in a downtrend for a while and is currently hitting old support of 0.63667 (first yellow line)
I would see how price reacts over the next day or a couple as you can see there is another old support at 0.60688
You are looking for a breakout either way now will bounce off or continue lower!
Comments below!
Over the last days EURGBP rebounded of upwards trend line from May 03 (Green Line) but failed to break resistance at 0.90976 and traded sideways until it hit downwards trend line and fell(Red Line)
Today it broke green trend line and is currently trading sideways and small candles forming every hour
I see a couple options forming either price will go up and...
AUDCHF opened and respected historical LOW Support around 0.650000 (Red Line)
Right now trying to break old supports and resistance at around 0.65620 (Blue Line)
price also trying to remain above lowest trendline (Green lines)
Looking for price break above at 0.6580 or bounce of back down
(Already have long from 0.65100)
If prices rejects around 0.6580 look...
