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Fade the NZD
The AUDUSD &amp; NZDUSD both traded higher since Tuesday driven by USD losing some steam.
This presents a great opportunity to fade the NZD in my view.
 
I am:
Selling NZDUSD
0.6380
Target
0.6280 (+100 Pips)
Stop
0.6450 (- 70 Pips)
 
Some pushback into the USD is very possible around the US jobs data release.

Fade the NZD

Dec 01 2020

Stop Loss -1.10%

Holding time 7d7hr

0.63800

Entry price

0.64500

Stop loss price