Trading recommendations:
- The NZD/USD pair is in the long term indicates that the market was turning to bearish from the level of 0.8066. Also, it should be noted that the trend had also broken the second support at the level of 0.7990. Therefore, it will be a good sign to sell below the level of 0.7990 with the first target of 0.7900 to the level of 0.7880. Moreover, the NZD/USD pair will call for a downtrend in order to continue its bearish movement towards 0.7857. Notwithstanding, the stop loss should never exceed your maximum exposure amounts, consequently the stop loss should be placed above 0.7990 at the price of 0.8020.
Observations:
- Please check out the market volatility before investing, because the sight price may have already been reached and the scenarios might have become invalidated.
- Key level is at 0.7990.
- History will probably repeat itself at this level again.
Warning:
- Stop loss should never exceed your maximum exposure amounts.
- The market has a high volatility, if the previous day had a huge volatility.
