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(NZDUSD) Is This Currency Ready to Rally? 

Last Updated: May 14, 2022

By Rayner Teo

NZDUSD weekly chart:

nuw

NZDUSD weekly is trading higher with 350 – 400 pips range.

The Daily chart:

nud

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

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Trade safe folks! 😀

  • Good projection. Never had a profit of 400 pips in single trade. Really want to see it does happen.I will be watching this pair. If you managed to open position please advice How to manage the trade.Hopefully I will open a position. As I get excited when I get 60 + pips and most of the time closed the position early.

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