How to Trade on FOMC Press Conference?
What will happen? FOMC press conference is among the primary methods the Fed uses to communicate with investors regarding monetary policy…
NZD/USD: kiwi found a place for breakfast
2019-11-11 • Updated
Registration:
BUY 0.7000
SL 0.6945
TP 0.7105
On the daily chart, NZD/USD is consolidating between 0.6820-0.7000 (October low and the lower border of the uptrend trade channel). A break of resistance at 0.7000 will return bulls’ hope for resuming the uptrend. On the other hand, successful test of support at 0.6820 will increase the risks of going to 127.2% and 161.8% targets of “Crab” pattern
On H1, aggressive market entries imply getting in on the break of the 0.6905-0.6990 range. According to the conservative approach, it’s necessary to wait for a break of a wider trading range 0.6820-0.7000.
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