NZDUSD - REVERSAL SIGNAL?
In this post I am going to give you my view on NZDUSD pair. The pair has been moving lower since a week ago and now has broken September's Low, sitting around 0.629 level. If we look at the MACD indicator, we can see that there is bullish divergence forming. This means there is a possibility of price reversal.
I personally prefer to buy this pair. Because I use Daily chart, I know I must wait a bit longer for the price to move. I am going to wait a week or two for this one.
Remember, always manage your risk and use a good risk to reward ratio.
Good luck, happy trading!
Chart Disclaimer : This is not advice or recommendation to trade. It is pure educational and general information only. Do your own research before you decide to buy/sell the markets. Be aware of the risks.