Buying NZD/USD on Pullback - 6/2/2016
Before we begin, let's be clear that we are not looking for any next 400 pips direction. Just looking for 40/50 pips initially and then we can take it from there if it allows us to maneuver the position in desired direction.
We are looking to buy it between 0.6740 / 0.6760 support area targeting 0.68 first. As this pair is not respecting technical levels to the pip, we will trade this level with long bias to lower the breakeven.
For AUD/USD we laid out a plan and advised not to get sucked into faux strength and so far that has turned out to be true.
We are looking to buy it between 0.6740 / 0.6760 support area targeting 0.68 first. As this pair is not respecting technical levels to the pip, we will trade this level with long bias to lower the breakeven.
For AUD/USD we laid out a plan and advised not to get sucked into faux strength and so far that has turned out to be true.
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