Hi traders,
USDNZD looks good for a sell setup. I am expecting a nice move to the downside. Use your tested trading strategy to determine the best buy and sell levels.
There's a few ways this trade could play out, and how you play it entirely depends on your trading strategy and risk tolerance. I am expecting a bounce at the sidewards support level before a breakdown commences. Alternatively, it could break the sideways support, and retest the sidewards support as resistance before the break down takes place.
Best regards,
Tom_Killick
USDNZD looks good for a sell setup. I am expecting a nice move to the downside. Use your tested trading strategy to determine the best buy and sell levels.
There's a few ways this trade could play out, and how you play it entirely depends on your trading strategy and risk tolerance. I am expecting a bounce at the sidewards support level before a breakdown commences. Alternatively, it could break the sideways support, and retest the sidewards support as resistance before the break down takes place.
Best regards,
Tom_Killick
I guess we will soon all find out.