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BombayBulls
18. Aug. 2015 15:49

NZD/USD - Is Long feasible? Long

NEW ZEALAND DOLLAR / U.S. DOLLARICE

Beschreibung

Strong dairy auction might put a base here around 0.6550. Prices hasn't been collapsing and that's a good sign. Good risk rewards argues for a tiny long here expecting the retest of next resistance at 0.6640. Let's see how it develops and next few sessions will be interesting in defining the next good move.
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BombayBulls
UPDATE ( 8/19/2015 12:10 pm ) : Our first take profit target got filled overnight at 0.6595. Now thinking to get rid of the position at 0.6600 because overnight price action wasn't encouraging with price slumping back even with good news of Russia taking off the ban on NZ dairy products.
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