Trade Recommendation: Long NZDUSDWe've identified a potential buying opportunity in the NZD/USD currency pair. Currently, the market price stands at 0.59062. We suggest considering a long position at this level.
Trade Details:
Currency Pair: NZD/USD
Entry: Market price (0.59062)
Stop Loss: To manage risk, set a stop loss level.
Target: We anticipate a target price around 0.60300 levels.
Disclaimer:
Trading in the foreign exchange market involves significant risk, including the potential loss of principal. The information provided here is for educational and informational purposes only and does not constitute financial advice. Past performance is not necessarily indicative of future results. Before engaging in any trading activities, it is essential to carefully consider your financial situation, risk tolerance, and investment objectives. Additionally, seek advice from a qualified financial advisor if necessary.
Nazdusd
NZD/USD Reaction to .6631 – .6607 Sets the ToneA sustained move over .6631 will indicate the return of buyers. The first target is .6670.
Sellers could come in on the first test of .6670, but if buyers can overcome this level then look for a potential retest of .6710 to .6753. This area stopped the rally at .6733 last Thursday.
NZDUSD: Trade of the Week!This is the opportunity which I was watching the whole week. We have a very nice setup on FX:NZDUSD To start with there is a perfect ABCD pattern, completion right at the resistance level 0.6455. Besides we have a confluence of fibs 1.272, at this key level I look the price to hit the channel edge and finish the channel, as we see we have 2 touches below and 1 touch up with the potential second touch to complete the channel. R/R is also very nice.
Avto_T
Green Luck
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