NZD/USD Signal Update
Yesterday’s signals expired without being triggered as none of the key levels were hit.
Today’s NZD/USD Signals
Risk 0.75%
Trades may only be taken between 8am and 5pm New York time only, or after 8am Tokyo time later.
Short Trade 1
Go short following bearish price action on the H1 time frame immediately upon the next touch of 0.6668.
Put the stop loss 1 pip above the local swing high.
Adjust the stop loss to break even once the trade is 20 pips in profit.
Remove 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to run.
Short Trade 2
Go short following bearish price action on the H1 time frame immediately upon the next touch of 0.6761.
Put the stop loss 1 pip above the local swing high.
Adjust the stop loss to break even once the trade is 20 pips in profit.
Remove 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to run.
Long Trade 1
Long entry following bearish price action on the H1 time frame immediately upon the next touch of 0.6500.
Put the stop loss 1 pip below the local swing low.
Adjust the stop loss to break even once the trade is 20 pips in profit.
Remove 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to run.
NZD/USD Analysis
This pair has been overshadowed in recent days by its sister pair AUD/USD, with which it is highly positively correlated. As such there have not really been any clear cut opportunities, it is just moving the same as AUD/USD but with more chop.
The chart shows that we are now not far from the key 0.6500, which might present an attractive long opportunity.
There is nothing due today regarding either the NZD or the USD.