Want to know where the NZDUSD is going?

Written by Raul Lopez on . Posted in Trades & Analysis

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

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Raul Lopez

I've been trading the forex market for more than 11 years. All my trades are based on price action. Check out my Forex Coaching program, I can help you develop a system that helps you trade consistently.
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Raul Lopez Forex

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