Tuesday, April 21, 2009

NZDUSD (0.5656)

NZDUSD is moving in a nice downward trend and looking to continue below 0.5600 level. Currently selling for anything above 0.5700 seems a good opportunity.

Recommended Trade Levels

Trade 1: Sell NZDUSD @ 0.5720
Trade 2: Sell NZDUSD @ 0.5795
Stop: 0.5855
Profit Target 1: 0.5620
Profit Target 2: 0.5560

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