NZD/USD 93pip long position.
Technicals
*We are going to be starting a longer term down trend since the USDX is in for a bullish year. But nothing in forex goes in a straight line, so i will estimate a 93 pip buy to the 0.618% before we start dropping significantly.
*USDX is due for a pullback on indicators.
*Other pairs such as (USD/CAD) have strong short opportunities this week, therefore giving NZD a higher probability for a decent pullback against the USD.
*4hr indicators need to pullback also to validate themselves.
*We are going to be starting a longer term down trend since the USDX is in for a bullish year. But nothing in forex goes in a straight line, so i will estimate a 93 pip buy to the 0.618% before we start dropping significantly.
*USDX is due for a pullback on indicators.
*Other pairs such as (USD/CAD) have strong short opportunities this week, therefore giving NZD a higher probability for a decent pullback against the USD.
*4hr indicators need to pullback also to validate themselves.
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