Nzdusdbuy
NzdUsd to break up from rectangleIn my previous analysis on NzdUsd I said that I expect the pair to continue its range between 0.7250 and 0.7100. It seems this is not the case and USD is way too weak these days.
On Friday Kiwi reversed losses from 0.7180 and managed to close the day above 0.72
At the time of writing NzdUsd is 0.7240, just under the upmentioned resistance and I expect a break to the upside.
Such a break can lead to a new local high above 0.73 and 0.7350 could be the short term target for bulls
NZD/USD BUY IDEAHey tradomaniacs,
welcome to another free trading-setup.
NZD/USD: Swingtrade-Preparation
Market-Buy: 0,71830
Stop-Loss: 0,71425
Point of Risk-Reduction: 00,72255
Take-Profit: 0,73070
Stop-Loss: 40 pips
Risk: 0,5% - 1%
Risk-Reward: 3,0
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Peace and good trades
Irasor
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NzdUsd- A new rise to 0.68 resistance?NzdUsd found strong support above 0.65 important figure and the rise from there is constructive.
Now the pair is trading above 0.6650 short-term resistance and we can have a new challenge of 0.68.
Buy as long as the price is above 0.6650 is my preferred scenario