NZDUSD is consolidating in multi-year support region over the past few days. Besides, easing trade tensions and other geopolitical situations combined with NZD seasonality gives traders a pretty good reason to look for long entries.
Traders can look for BUYs between 0.6180-0.6270 with SL below 0.6100.
TPs can be set at 0.6450, 0.6590 and 0.6800 respectively.
Time-frame to achieve the targets: 8-12 weeks
Traders can look for BUYs between 0.6180-0.6270 with SL below 0.6100.
TPs can be set at 0.6450, 0.6590 and 0.6800 respectively.
Time-frame to achieve the targets: 8-12 weeks
Trade closed: target reached
Target 2 reached. However, seems like target 3 won't be coming. I am taking a SELL position here
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Disclaimer
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.