FX.co ★ NZD/USD Trading Recommendations for 29th July 2016

Price has been moving up towards our take profit target. We remain bullish with increased conviction as price touched our entry area perfectly and shot up from there. We keep our bullish bias as we can see how the RSI (34) is holding really well above our 50% support and above the ascending support line.

Trading Recommendations :

Add onto your position and if price retraces to 0.7075

Stop loss at 0.7015

Take profit at 0.7180 and 0.7210