Weaker USD means buying pressure on the other currencies
The recent North Korean fiasco has pushed the USD down from the cliff and other related pairs have started gaining buying momentum. NZD has recently respected the daily support level and shoot up after today's North Korean drama. The price on NZDUSD is likely to retest the daily resistance level and have potential to have further upside move. I'm waiting for a discount on price to go long on the pair.
Commento:
Long trade triggered
Trade chiuso: stop raggiunto