NZDUSD long in the channel
NZD is currently in the uptrend channel and I think it is a good idea to enter long trade on the dip.
SL and TP as in my chart.
Fundamentals: USD should not have much space to rise as FED rate hike is already priced in the current price of greenback. On the other hand, NZD is a commodity currency and that's why OPEC deal could help it.
SL and TP as in my chart.
Fundamentals: USD should not have much space to rise as FED rate hike is already priced in the current price of greenback. On the other hand, NZD is a commodity currency and that's why OPEC deal could help it.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.