Confluences for Trade: - Price Action at 38% of Fibo levels - Price action at a Horizontal Trendline (Resistance) - It needs alot of positive fundamentals to push the NZD up further for now - Pair recently broke out from a triangle, likely to retrace and test back the triangle support - Stochastic Overbought momentum (D1, H4 and H1)
Please note that this idea is a short term trade.
Suggested Trade: Entry @ Area of Interest 0.6750 - 0.6810 SL: 0.6867 TP: 0.6605 RR: Approx. 2.02 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Disclaimer: The personal opinion above does not constitute as an investment advice. Any decisions taken based on the above opinion is purely at your own risks. DYOR.
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