NZDUSD weekly is trading higher with 350 – 400 pips range.
NZDUSD daily is approaching 0.8400 which a key area to watch out for.
Further more I expect a cluster of stops just below it as those who went long would probably placed their Stoploss just under 0.8400
With that in mind, I will be looking to long when these traders are cutting their trades.
Long at 0.8390
SL at 0.8290
1st target at 0.8800
Trade safe folks! 😀