Want to know where the NZDUSD is going?

Last week I wrote about the NZDUSD, but I only showed you the short term charts. Here is what I think about the NZDUSD long tern charts.

I use the long term charts do determine:

  • Which currency pairs to trade?
  • In what direction?
  • When will I stop looking for trade opportunities?

Here is the daily chart:

To answer the questions above:

  • It’s clear that the NZDUSD is trading in a bullish condition (got rejected from the bottom of the range)
  • I’m going to look for long opportunities
  • I’ll stop looking for long opportunities once it reaches 0.8226

What do you think?

Cheers,

Raul Lopez

forex, NZDUSD Analysis


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 .