NZDUSD buy retraces should be a good idea after the false break and the failure of bears to take control. Price retraced immediately inside the triangle formation and it now broke above. It has also surpassed the previous highs around 0.7310-20.
Stop Loss – below 0.7260.
Target 1 – 0.7390
Target 2 – 0.7450
Stop Loss – below 0.7260.
Target 1 – 0.7390
Target 2 – 0.7450
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.