NZDUSD – Trading around historical highs

Many traders are afraid to go long when the market reaches new highs/lows, but I don’t see a reason to be afraid. The only thing that worries me a bit is that we don’t know where the market might retrace, but that’s the reason I use in these types of trades a risk-reward ratio of 3:1.

This is the case of the NZDUSD, it is currently trading around historical highs, in a clear bullish market condition:

As long as the NZDUSD keeps trading above 0.8025 I’ll be looking for long opportunities.

Trade Safe!

Raul Lopez
Forex Training


Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .

  • Anonymous

    I will be looking to sell around  .7950 area…..looks very over bought to me….buy around  .7340 area..

    • The NZDUSD came back to the range, which is now from 0.8291 – 0.8076, I’ll wait for the market to break this range before loooking for any trade opportunity…