nu3-1024x398NZD/USD H4 chart shows, that price once again rebound from the support zone. Lately we may observe sideways trend on Kiwi. It is worth to use a potential slippage to buy CALL option. However we need to remember, that current momentum is donward one (like the broad, long term trend) so such setup may be more risky.

NU_chart 21.01

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Member and editor of Finance Magnates - the biggest FX, and binary options B2B website. A graduate of the University of Economics in Krakow, active publicist since 2012. Technical analysis is always more important to him than the fundamentals – however, he does not reject the importance of macro data. As he assumes that, the simpler the better, he is a strong fan of Price Action trading strategy and Fibonacci retracements.