Trading recommendations:
- NZD/USD:
- According to the previous events, the price has still been trapped between 0.8203 and 0.8153.
- Long buying:
- Buy above 0.8295 with the first target at 0.8345, it might resume to 0.8403. (short term)
- Short selling:
- Outlook -1-: Swing trade at 0.8265 in order to sell with a traget of 0.82.
- Outlook -2-: Below 0.8180 look for further descending movement with 0.8150 and 0.8125 as targets.
- Notes:
- it should be noted that the market will turn to bearish sentiment from the level of 0.8265.
- Range: 68 pips Risk of 68 pips must make a profit of 102.00 (a risk to reward ratio of 1:1.5 is recommended)
