NZDUSD: A Slight Retrace In Price Before Heading to 70 Cents ?
NZDUSD is still on course to likely hit 70 cents! With both NZD and USD weakening so far this week, this pair has been falling suggesting that the NZD is on heavy sell. However this represents a chance to go LONG on this pair since the criteria has already been fulfilled (Observe main chart for all details).
Therefore it is suggested to await for the price to retrace and hit the ideal entry point before taking this trade LONG. However shall the 70 cents target be hit first then the trade becomes invalidated
Have a read at the above link for the complete analysis behind this setup. The current insight is for the traders that have not been able to get into this trade earlier. Now the chance might likely represent to take this trade long.
Cheers, I hope you find this insight helpful. Please LIKE & FOLLOW for more insights on Major & Minor currency pairs.
Therefore it is suggested to await for the price to retrace and hit the ideal entry point before taking this trade LONG. However shall the 70 cents target be hit first then the trade becomes invalidated
Have a read at the above link for the complete analysis behind this setup. The current insight is for the traders that have not been able to get into this trade earlier. Now the chance might likely represent to take this trade long.
Cheers, I hope you find this insight helpful. Please LIKE & FOLLOW for more insights on Major & Minor currency pairs.
