Trade_Rocket_Investments

NZD/USD - Trading consolidation

Long
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
here on the NZD/USD chart we can see that price has been in consolidation between our daily zones for some time, we also know thanks to our fundamental direction that fundamentals are flat so one currency isn't stronger than the other. now we see contact with our daily lower zone so we will now be waiting for entry confirmation to place a trade to the upper level of consolidation for a quick in quick out. we also don't have any high impact news on the economic calendar so we should be safe from any stop hunts.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.