NZDUSD LONG IDEA
Hi guys,
Hope you all have a great weekend, last friday was crazy for me!
With USD strength (supposedly) I believe NZDUSD will trade higher this week. It is the best bet compared to the other EUR or GBP pairs.
Technically, price bounced off the long term up trendline quite nicely and even after the USD news last week, it didnt break down, showing its strength. I am looking for it to target the recent highs.
Fundamentally, investors are looking for yield and this will defenitly show as NZD is one of the more high yielding pair compare to the majors.
I look to buy around 0.7260.
ENTRY 0.7260
SL 0.7220
TP 0.7370
All the best and trade safe guys.
Please give this idea a like if you share the same view.
Follow me to show your support! I will genuinely appreciate it!
Hope you all have a great weekend, last friday was crazy for me!
With USD strength (supposedly) I believe NZDUSD will trade higher this week. It is the best bet compared to the other EUR or GBP pairs.
Technically, price bounced off the long term up trendline quite nicely and even after the USD news last week, it didnt break down, showing its strength. I am looking for it to target the recent highs.
Fundamentally, investors are looking for yield and this will defenitly show as NZD is one of the more high yielding pair compare to the majors.
I look to buy around 0.7260.
ENTRY 0.7260
SL 0.7220
TP 0.7370
All the best and trade safe guys.
Please give this idea a like if you share the same view.
Follow me to show your support! I will genuinely appreciate it!
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