NZDUSD – Trading at historical highs, likely to continue up

The NZDUSD just broke through the ST resistance level, it already was in a bullish condition, since last week that it broke through the LT resistance level triggering its bullish condition. Today however, it is also trading above every important level in the short term charts, meaning that the bullish sentiment it’s even stronger:

Today I’ll be looking for long opportunities in the NZDUSD, and if I find a trade to go long I will use a 3:1 risk reward ratio.

Trade Safe!

Raul Lopez
Forex Course

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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 .