NZDUSD and a Confluence of Supports

22. Apr. 2017

NZDUSD looks like its forming a nice floor where a lot of key technical levels and indicators are at.

4H Moving Averages:



NZDUSD was able to get above key moving averages in the 4H timeframe and it has held well so far.

Weekly Higher Lows Trendline:



Even after some attempts of breaking the trendline it has held so far and looks like it was able to get back above it

The Daily 200MA should provide decent resistance but its also possible that it might still break through it to test the 0.73 level once more

Entry: 0.70237
Stop: 0.697
Profit: (tp1) 0.7137 (tp2) 0.73368

Any feedbacks are appreciated!

25. Apr. 2017

Trade geschlossen: Stop wurde erreicht