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