Since 03/2014 NZDUSD has been range-bound at the highs and has shown some interesting price action. A nice sell-off after a double-top formation might be a sign of weakness and the pair might drop lower. Currently there are two significant levels to watch, one for short, one for long. Let us see, if we get anything here.
Ok, I put short at 0.8605. It looks like the market has been hesitating in my predicted sell zone, so let us see, how it works... P
MesbahRubel
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Hi Petr,
Do you think NZD has the ability to touch 0.9000 area(because i have sl above it)..though good nz data n bullish comment helping nz very much to go high now
MesbahRubel
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im building short target 8450
ForceFollower
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I like your study. Your blue line is where I'm looking to TP on my current long position.