This is exactly how I believe NZDUSD is going to move:
1) Price will go down until 200 EMA
2) 200 EMA will act as support, and make it bounce all the way back up to resistance @ 0.66889
3) When the price touches resistance we will take the following position:
Key Points:
Entry : 0.66887
Take Profit : 0.66109
Stop Loss : 0.67057
Ratio : 4.5/1
Good luck and happy trading!
1) Price will go down until 200 EMA
2) 200 EMA will act as support, and make it bounce all the way back up to resistance @ 0.66889
3) When the price touches resistance we will take the following position:
Key Points:
Entry : 0.66887
Take Profit : 0.66109
Stop Loss : 0.67057
Ratio : 4.5/1
Good luck and happy trading!