NZDUSD has been in a 500 pips sideway range since september 2016.
Last week price has tested again support level at 0.6850 and support holds.
Trading plan:
We are looking for possible pullback to blue trendline channel between 0.6900 or 0.6950 zone and LONG from there.
Hard SL is 0.6800
Take profit 0.7200
Take profit 0.7400
Risk per entry 2%
Risk event :
Tue Jun 5
10:00pm USD ISM Non-Manufacturing PMI
Last week price has tested again support level at 0.6850 and support holds.
Trading plan:
We are looking for possible pullback to blue trendline channel between 0.6900 or 0.6950 zone and LONG from there.
Hard SL is 0.6800
Take profit 0.7200
Take profit 0.7400
Risk per entry 2%
Risk event :
Tue Jun 5
10:00pm USD ISM Non-Manufacturing PMI