New Zealand Dollar Possible Buying Opportunities (NZDUSD, NZDCHF, NZDCAD)

NZDUSD, NZDCHF and NZDCAD has been pushing higher since August of 2015 and it’s possible that another move higher can happen in the near future. All three pairs still needs to find a bottom to possibly reverse higher and traders need to wait and watch for this in order to catch the next move higher. Below we will show a possible bullish pattern that we can see on all three currency pairs and why we think Kiwi dollar can reverse and make another swing higher.

Bullish Pattern

bullish5.0

 

NZDUSD Daily chart

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NZDCHF Daily chart

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NZDCAD Daily chart

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If looking to buy NZDUSD, NZDCHF, NZDCAD stops should be placed at the point B lows and should be bought below the BC 0.50% Fib. level minimum for a better risk/reward trade. The AB 2.24% Fib. level should be the minimum target on all three pairs. Follow me on Twitter @AidanFX for updates.

*** Always use proper risk/money management according to your account size ***

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