NZDUSD / H1 / Daily Forex Technical Analysis / 9.12.2019

Sep 12, 2019

Hello Traders, welcome to the Daily Forex technical analysis. Today is September 12th, 2019 and we will be taking a look at the New Zealand Dollar against the United States Dollar. Looking at the 1 hour time frame we are looking for price action to possibly pullback into the .639 area and retest this area of resistance. If we do get a pull back and price action doesn't S/R flip and turn bearish we will be looking for an optimal entry long. Entry for a Long position near the .63862 area, with a Stop Loss near the .63691, and target profit level area of .64396 to possibly ensure a profitable trade with a 3.12 to 1 R/R. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!