NZDUSD (0.6438)

NZDUSD is steadily moving in an upward trend and it seems to stay that way during this week as well. Currently traders might wait to let NZDUSD some retrace and then buy it initially around 0.6365 level and if retracement is extended, the positions can be averaged by a second entry around 0.6245 level. The initial target will be above 0.6450 level.

Recommended Trade Levels

Trade 1: Buy NZDUSD @ 0.6365
Trade 2: Buy NZDUSD @ 0.6245
Stop: 0.6200
Profit Target 1: 0.6465
Profit Target 2: 0.6565