Forex Signal For NZD/USD: (New Zealand Dollar) Strong Bullish is still Agonizing

  Forex Signal For NZD/USD: (New Zealand Dollar) Strong Bullish is still Agonizing   Firm support remained at 0,6935.  

Today's NZD/USD Signals

 

• The risk per trade is 0,75 %.
• Transactions must be made before 17:00 Tokyo time on Tuesday.

 

Purchasing Trade Rationale

 

• The NZD/USD pair has dominated the recent Forex market action.
• Last week saw a strong rise after a few months of low price.
• Although AUD/USD is not far behind, volatility in this currency pair has been much higher than any other in the past two weeks.
• The 15-day average true range (ATR) predicts a daily price volatility of around 1 %, which is quite high for the Forex asset class, suggesting that NZD/USD is subject to great speculation.
• Institutional buy orders, which could produce another significant bullish price action, are likely to cluster around 0,6935, but while orders at 0,6983, 0,6900 look more attractive as a potential buy.

Forex Signal For NZD/USD: (New Zealand Dollar) Strong Bullish is still Agonizing

Buying Trading Conservative Signals:

 

• Long/buy limit order at 0,6935 with a few pips stop below 0,6900
• Aggressive: Long/buy limit order at 0,6983 with a few pips stop below 0,6935.
• Take First Profit Target: 0,7020, however, traders are advised to watch for a price action reversal as the price approaches that level to determine if it will make a full or partial exit.

 

Bununla da ilgilenebilirsiniz:

 

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