FX.co ★ NZD/USD Trading Recommendations for 23rd June 2016

We can see a wedge reversal in place, but we will not take a trade unless the price breaks the 0.7155 level. If the price breaks the 0.7155 level, it would correspond with a strong break of the RSI (21) ascending support level and from there, we can see a strong correction down to 0.7100.

Trading recommendations:

Sell limit at 0.7155

Stop loss at 0.7215

Take profit at 0.7100