NZD/USD Potential for Upside
Updated
NZD looks to be gearing up for some more bullish action against Greenback.
I think we have a decent trade setup here.
Entry: 0.5950
Targets: 0.6034 & 0.6118
Stops @ 0.5866
Risk to reward is 1:2, this trade setup has a lot of potential considering the last weeks NFP data came out pretty weak from a fundamental stand point and I believe If the price holds up above 0.5850 further gains to the upside are very likely.
I think we have a decent trade setup here.
Entry: 0.5950
Targets: 0.6034 & 0.6118
Stops @ 0.5866
Risk to reward is 1:2, this trade setup has a lot of potential considering the last weeks NFP data came out pretty weak from a fundamental stand point and I believe If the price holds up above 0.5850 further gains to the upside are very likely.
Trade active
Position is activeTrade closed: stop reached
Trade stopped out.
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.