Following the downside drop of the DXY index that shows the strength of the Dollar, NZDUSD has been trending to the upside. similar to its correlated pair GBPUSD. Will this hold for the long term?? let's wait and see. my view is bulls will control the markets for the NZD/USD to the 0.6200 level.
ITS A GOOD TIME FOR A BUY ENTRY. RISK REWARD RATION 5.4. ITS A SWING TRADE!!
Trade active
IN THE MONEY TRADE, HOLDING TO TAKE PROFIT BY END OF WEEK FRIDAY
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.