Forecast Opportunity

Date Posted:       27 Nov

Ccy Pair:              NZDUSD

Trade Action:     BUY

Order Type:        Buy Stop Entry

Execution:          Trendline Trader

Trade Parameters – PENDING

Take Profit        0.6567          +125p

Entry                  0.6442

Stop Loss         0.6417            -25p

Chart & Forecast Details

The NZDUSD downside move has completely stalled and recent NZ Retail Sales data has the NZDUSD on solid ground once again. If a trade deal between the US & China comes through and/or we get weak US Durable Goods & PCE Price Index data then I think we’ll see a quick 100 pip spike as there is no resistance between current market levels and 0.6620.

Key Trade Day: Wednesday 27th Nov – US Durable Goods & PCE Price Index

Brad Gilbert

CEO & Founder of Traders4Traders – Brad has been trading for 28 years and was a former Chief FX Trader for Citibank. Brad trades all markets and all timezones.

Trades: EUR, GBP, AUD, NZD, CAD, JPY, CHF, DOW, SP500, OIL, GOLD

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