NZD/USD has been up from 0.7238, to 0.7877.
NZD/USD fibo retracement only 23.6, and it shows strong up trend.
The next target will be 0.80xx as long carry trade happened.
But be Carefull, in market, we need to consider the unwinding carry trade that could lead NZD/USD to down.
For New Enter, suggest to order buy stop above 0.7877 with stop loss around 0.7756. or you can take profit from its down, place sell stop order around 0.7725, with stop loss around 0.7877. Anyway, for my self, i consider NOT TO BUY. just wait to sell.
Risk in your hand. Don't force to enter market if it's already high.
Happy Trading! Have a nice weekend!
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