Good day, dear traders! Today it is time to fix the profit (at least partially) on the instrument NZD/USD. In the last review on this tool, I assumed the growth of this currency pair from the bullish news momentum on November 13. Let me remind you that this impulse was associated with the cancellation of the interest rate cut – it was decided to leave it unchanged.
In the previous post, I suggested buying NZDUSD to break 0.6462 according to this plan:
However, since the "New Zealander" stood in the rollback for a long time, the first target for growth naturally shifted to the level of 0.6417 – that is, to the maximum of the news momentum, which was safely updated just an hour ago. But this does not mean that the level 0.6462 is no longer valid, it just turns into a second target instead of the first.
Accordingly, if you took a position to buy – I recommend fixing at least half of the volume and observe the further growth of this instrument.
I wish you success in trading and big profits!