RE: Forex: NZDUSD Outlook for Week of August 15th, 2016

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Forex: NZDUSD Outlook for Week of August 15th, 2016

in forex-trading •  8 years ago 

Nice post. So you will short this trade and if so, what is your entry point?

forex-trading
8 years ago by

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      ·  8 years ago 

    Thanks! I shorted this trade last week, at $0.72804, and it is currently trading around 80 pips below that, at $0.72000, as I write this. The only concerns short term are the two RBNZ Fundamental Announcements due later today. Or they may simply accelerate its thrust down to my limit. Either way, I'll be closely monitoring this one. If you choose to enter the trade now, 80 pips later, then I suggest you be more cautious with your stop since you have less upside to look forward to, based on my setup.

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