Trade Recommendations for current Session
Today I’m looking for buying opportunities on NZD/USD as the NZD firmed across the board after Fonterra, world’s bigger dairy exporter, kept its milk pay-out forecast unchanged at NZD/USD 6/kg amid concern that the Co. may cut its forecasts.
You could look to buy this pair if it dips down to around the 0.8350 area with a profit target of 0.8400 to 0.8420 and a SL at 0.8300.
Overall Bias on this trade
If the price falls down to 0.8300 I will still be looking for opportunities to resume buying of this particular pair.
At no time should anyone view the information presented anywhere on this website as advice, recommendation or proven. Everything reflected is merely opinion and may not be accurate. The purpose of the site is to express the opinions and views of Jarratt Davis. There is no intention to offer specific help, advice or suggestions to anyone reading any of the content posted here.
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