NZD/USD Analysis


Let’s take a look at the NZD/USD chart.

It seems like the bullish trend will potentially continue, however, we may soon see a retracement down.

Look for a potential move up to the .8100 area. Once the upward movement completes, then look for a downward retracement – using Fibonacci from the low of April 11 as a guide for potential retracement levels.

Good luck with trading and be sure to apply your money management and use your stops.