NZDUSD Week 36

After the strong bull rally in June, Kiwi is narrow range sideway but more to the bullish side. MN candles show wick at both ends. Last week saw the D1 broke the MN swing
level 0.7257. It has not close above July’ High 0.7323 nor the August’ High 0.7379. These are potential target levels for short term trades next week Sep 5 to 9.

With a 52-weeks average range of 197pips, and ADR(100 days) of 85pips, using 0.25% ADR for ME/ME to build position in the market.

Week 36 favour buy 4H swing trade with stop below 0.7413.

H1 PPA View