NZD/USD Signal Update
Yesterday’s signals were not triggered and expired.
Today’s NZD/USD Signals
Risk 0.75%
Trades may only be entered between 8am New York time and 5pm Tokyo time today.
Short Trades
Go short following a bearish price action reversal on the H1 time frame immediately upon the next touch of 0.6804 or 0.6862.
Place the stop loss 1 pip above the local swing high.
Move the stop loss to break even once the trade is 20 pips in profit.
Take off 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
Go long following a bullish price action reversal on the H1 time frame immediately upon the next touch of 0.6625.
Put the stop loss 1 pip below the local swing low.
Move the stop loss to break even once the trade is 20 pips in profit.
Take off 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
No changes of any importance whatsoever. We remain quite far from any key level and if you look at a long-term chart you can see that the trend here is very unclear. This is the most dull and boring of all currency pairs and really not worth trading at the moment.
I think the best opportunity that might come along would be a long trade at a bullish reversal at or very close to 0.6625.
There is nothing due today concerning the NZD. Regarding the USD, there will be a release of Core Durable Goods Orders and Unemployment Claims data at 1:30pm London time