NZDUSD long in the channel
NZD is currently in the uptrend channel and I think it is a good idea to enter long trade on the dip.
SL and TP as in my chart.
Fundamentals: USD should not have much space to rise as FED rate hike is already priced in the current price of greenback. On the other hand, NZD is a commodity currency and that's why OPEC deal could help it.
SL and TP as in my chart.
Fundamentals: USD should not have much space to rise as FED rate hike is already priced in the current price of greenback. On the other hand, NZD is a commodity currency and that's why OPEC deal could help it.
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