NZD/USD LONG POSITION

17 thg 5, 2020

I will be looking to take a long position as i have been waiting weeks for price to drop down to my support level 1. I do not believe we will see support level 2 be breach. As of now the U.S. has printed 3 Trillion or are planning on printing more money. That should weaken the USD currency for some time. Maybe a week or so. Also U.S. states are reopening and i believe phase 2 will hit the U.S. and other countries like Europe because they are lifting lockdowns so early. The countries that stay sheltered will be the ones to come out of this pandemic the most successfully. New Zealand being one of the front runners. They have handled phase 1 so well. Let's sit back and watch and enjoy the charts. Good week mates !