NZDUSD Trade Idea (18th February 2020)
Currency Pair: NZDUSD
Timeframe: H1
Date/Time of Signal: 18th February 2020 / 1515hrs (SGT)
Review:
Both Coronavirus continues to impact China’s economy and dovish Australian Monetary Policy Meeting minutes gave a bearish sentiment to the New Zealand Dollar.
Recently, NZDUSD has been on a downtrend and has broken through the support level of 0.6430.
Following the trend, trade signaled to sell NZDUSD (Entry: 0.6412) with 3 Take Profit (TP) Targets (TP1: 0.6392, TP2: 0.6372, TP3: 0.6352) and Stop Loss (SL) at 0.6442.
Timeframe: H1
Date/Time of Signal: 18th February 2020 / 1515hrs (SGT)
Review:
Both Coronavirus continues to impact China’s economy and dovish Australian Monetary Policy Meeting minutes gave a bearish sentiment to the New Zealand Dollar.
Recently, NZDUSD has been on a downtrend and has broken through the support level of 0.6430.
Following the trend, trade signaled to sell NZDUSD (Entry: 0.6412) with 3 Take Profit (TP) Targets (TP1: 0.6392, TP2: 0.6372, TP3: 0.6352) and Stop Loss (SL) at 0.6442.