NZD/USD Trading Plan 6-8-2016

Here is our current trading plan for the NZD/USD pair. The NZD was strong in the Asian session today so after this pair consolidates, we will set a buy alert at the near term resistance, just past 0.7130. When the price alert hits check The Forex Heatmap® for a confirmation buy signal. Current pricing is around 0.7120, overall pip potential is up to the next major resistance at 0.7550, shown on the chart. This is about 400 pips of potential, sour our money management strategies like risk reward ratio is pretty solid. We suspect we will be issuing several trading plans based on NZD strength and other pairs in the NZD group tomorrow in our daily trading plans.

NZD/USD Trading Plan

NZD/USD Trading Plan 6-8-2016

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