Trading Outlook

NZDUSD: TREND FOLLOWING TRADE!

Apparently the pair have been showing continuous upward momentum.

Therefore, we have to follow the trend thus trend is your friend!

Key level

We are using Fibo retracement tools for finding key levels. In this connection, our main pivot point is 0.6551 where our buying could be trigged.

Derived this number by viewing upward spike from 0.6521 up till 0.660 upward spike

Notably, we are in view to buy the pair from 0.6551 stop loss 0.6515 whereas tp 0.6617 would be appropriate.

Alternative Scenario

Break below 0.6515 could open the path of 0.6503&0.684/.

Please use must stop-loss policy along with Tp and never change those in any circumstances,

Have a nice trading day!