The NZD/USD is killing me by the thousand cuts method, gradually drifting higher. Stops are to be expected if the market breaks above the recent .6895 high. Technical resistance in the form of the major 61.8% retracement is at .6945.
4 Responses to “NZD/USD heading back towards highs”
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AUTOREFRESH 
It looked a lot better before NY opened , I thought it was going to really follow thru & drop , I would think it should soon . I hope
It looked best of all before I started trading it! The trouble with these stagnant positions is that they take my focus away from other pairs where I could be building something more constructive
I’m liking the climb to just pop thru the 61.8% to +.7000 to complete 3rd Wave then drop to .6500ish 4th Wave then burst back up thru .7500 for 5th wave then big drops
Yes Kev I’ve been looking at that possibility and the liklihood of barriers at .70 will also attract the mkt. I’m sticking with short n try n trade my way out