NZDUSD - Selloff Acceleration on Neckline Break
This week's open will be interesting. It'll largely be dependent on the resumption of strength of the US dollar.
The anticipated strengthening of the US dollar is supported over on this NZDUSD pair. Looking at the daily timeframe, the New Zealand dollar has shown a weakening in strength throughout the months of June and early July.
My proposed trade entry and exit targets are based on the 5-period daily ATR of 42.
Take profit: 100 pips (2x~)
Stop loss: 40 pips (1x~)
The anticipated strengthening of the US dollar is supported over on this NZDUSD pair. Looking at the daily timeframe, the New Zealand dollar has shown a weakening in strength throughout the months of June and early July.
My proposed trade entry and exit targets are based on the 5-period daily ATR of 42.
Take profit: 100 pips (2x~)
Stop loss: 40 pips (1x~)
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