NZDUSD working and should hit TP1 and TP2 this week
So it took a while for this trade idea to start working but it is currently profitable 50 pips. Since we are short, there was no need to exit the trade for the weekend to avoid interest charges. There are lots of critical news alerts for the USD and one for the NZD this week but they should not change the direction of the trend. We do expect price to come back and test one or more wicks before continuing down but we feel the trade should be finished by the end of the week at the latest. Then it will be time to reassess the trend and maybe get back in long for a small trade. This is a Daily Chart.
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