New Zealand Dollar / U.S. Dollar

Long

NZD/USD may go up from here

Updated

snapshot

From my perspective, NZD/USD will go up as shown in the graphics.

Note

Technically I see a resistance level around 0.60780 and 0.60960. Once the price fails to go lower, I look for an upside move. Another confluence is that, price has retraced to the 78.6 Fib level. We still keep our position for next week.

Note

*Technically I see a support level around 0.60780 and 0.60960*.

Trade closed: stop reached

I should have given a bit more space to the stop loss.

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