Buying New Zealand Dollar Weekly View $NZD $USD #forex

4 thg 1, 2015

New Zealand Dollar is in a downtrend since topping at 0.88 in mid 2014. In the last months the downtrend slowed down after breaking major support line. I aspect a continuation in the downtrend to 0.760 (likely) to 0.750 (not sure but possible). At this level a plan to buy this pair. The next major support is at 0.74-0.73 (orange line).
Best Entry at 0.76 -0.755
TP1 0.78
TP2 0.80
SL 0.74