New Zealand Dollar / U.S. Dollar
Long
Updated

USD weakness? Kiwi Strength?

49
Although the USD pairs have been trying to breakdown on the longer timeframes lately, they seem to have found some support and made impulsive moves from the bottom of their respective channels.

I like Kiwi to the upside here.

Notice how it looks like it's been propped up by the 200 EMA, and now we have a cross on the shorter EMA's after a correction.

Looks like a low-risk setup to me.

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Note
Well that worked out ok, and now we're got a correction, which would normally be another entry, but Friday's are often a crap time to trade... what to do here? hmmm...
snapshot

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