ForexCSP

NZD/USD: End of Correction?

Long
ForexCSP Updated   
OANDA:NZDUSD   New Zealand Dollar / U.S. Dollar
NZDUSD
Technical analysis suggests that the correction in the NZD/USD currency pair is likely over.

Based on the available evidence, the recent downtrend in the NZD/USD pair is expected to end and we should see an upward movement in price.

The 0.59588 level can be considered as a good entry point for long positions.

Important notes:

Do fundamental analysis as well before entering a trade.
Use proper risk management.
Remember that no analysis is certain and there is always a risk of error.
Comment:
With 7 pips my order was not activated
Trade closed: stop reached
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