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?


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 .