Possible Big Buy incoming for NZDUSD

Long

New Zealand Dollar / U.S. Dollar (FX:NZDUSD)

Updated

FX:NZDUSD New Zealand Dollar / U.S. Dollar

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Possible buy incoming for NZDUSD. Price has acted within a parallel trend line channel and has touched the resistance of this trend channel at least 3 times which means the trade can be validated. Price has also been moving around a local resistance zone which means price could be heading up. Keep an eye out for updates as I have put in a tight stop loss of around 30 pips and take profit of 170 pips.

Trade closed: stop reached

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