If you are following me you might know that I've been selling the NZD for the last couple weeks, but all I've got so far was a sequence of breake-evens... NZD is on a very difficult area to trade, because it's on a very clear raising trend, but, also, it's on a very important daily resistance trendline..
Finally we are on a key moment, and we cannot take that trendline as broken before NZD breaks through this red area, which is a very strong support.
I strongly reccomend you guys to sell this area and aim for 170+ pips, and, if it breaks through 0.8300, we might need to let go of the shorts and wait some retracemente to keep buying towards the major tendency.
Finally we are on a key moment, and we cannot take that trendline as broken before NZD breaks through this red area, which is a very strong support.
I strongly reccomend you guys to sell this area and aim for 170+ pips, and, if it breaks through 0.8300, we might need to let go of the shorts and wait some retracemente to keep buying towards the major tendency.