NZDUSD closed above daily Ichimoku Kijun-Sen.

Weekly oscillators threaten to cross-over from their range low.

According to my system, the break out is sustained.

If seen, we'll look to buy dips toward 0.6941 against recent low.

Ideally one touch 0.7110 is likely in this month.

Intraday Trade Idea: (spot 0.7014)

Sell Latentinterest Order:  0.7076

Buy Latentinterest Order:  0.6982

Click on the image to enlarge

nzdusd chart 1

nzdusd chart 2

We provide Daily FX Report, Trade Copy, Email Alert and MT4 EA Rental. Free trial and 30 Days Money Back policy will be valid forever!. All the services could be Free

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.9% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD rises toward 1.0800 on USD weakness

EUR/USD rises toward 1.0800 on USD weakness

EUR/USD trades in positive territory above 1.0750 in the second half of the day on Monday. The US Dollar struggles to find demand as investors reassess the Fed's rate outlook following Friday's disappointing labor market data. 

EUR/USD News

GBP/USD closes in on 1.2600 as risk mood improves

GBP/USD closes in on 1.2600 as risk mood improves

Following Friday's volatile action, GBP/USD pushes higher toward 1.2600 on Monday. Soft April jobs report from the US and the improvement seen in risk mood make it difficult for the US Dollar to gather strength.

GBP/USD News

Gold gathers bullish momentum, climbs above $2,320

Gold gathers bullish momentum, climbs above $2,320

Gold trades decisively higher on the day above $2,320 in the American session. Retreating US Treasury bond yields after weaker-than-expected US employment data and escalating geopolitical tensions help XAU/USD stretch higher.

Gold News

Addressing the crypto investor dilemma: To invest or not? Premium

Addressing the crypto investor dilemma: To invest or not?

Bitcoin price trades around $63,000 with no directional bias. The consolidation has pushed crypto investors into a state of uncertainty. Investors can expect a bullish directional bias above $70,000 and a bearish one below $50,000.

Read more

Three fundamentals for the week: Two central bank decisions and one sensitive US Premium

Three fundamentals for the week: Two central bank decisions and one sensitive US

The Reserve Bank of Australia is set to strike a more hawkish tone, reversing its dovish shift. Policymakers at the Bank of England may open the door to a rate cut in June.

Read more

Majors

Cryptocurrencies

Signatures