NZDUSD Dips In Uptrend

NZDUSD Dips In Uptrend for FX:NZDUSD by FXCM

NZDUSD Dips In Uptrend



NZDUSD is in the bullish area on the daily chart on the left. A bullish cross of EMAs and stochastic potentially align short-term traders with the daily. If signals occur, movement of stochastic to 80 level and maintenance of that level increase chance of a successful trade. Trend following indicators may be useful in this case as a potential exit tool. Stop below hourly low in conjunction with risk management techniques.