NZDUSD BUY 0.7756 – June 14, 2012

A Buy Signal for NZDUSD was issued at 0.7756 on June 14.

The trade was issued on the Daily Moving Average Crossover, after some consolidation.

NZDUSD BUY 0.7756 – June 14, 2012

NZDUSD BUY 0.7756 – June 14, 2012

The trade was helped by the 1 Hour Moving Average Crossover  and quickly hit Target 1.

NZDUSD BUY 0.7756 – June 14, 2012 - TARGET 1

NZDUSD BUY 0.7756 – June 14, 2012 – TARGET 1

 

Once the trade broke through the Macro Level, the pair continued to Target 2, positioned just short of the 50.0 Fibonacci level.

NZDUSD BUY 0.7756 – June 14, 2012 - TARGET 2

NZDUSD BUY 0.7756 – June 14, 2012 – TARGET 2

 

On this Daily Chart, we can see the pair continued strongly, inline with the change in direction of the 7 and 21 Moving Averages. Target 3 was positioned just below the 0.7968 Macro Level, where the pair found it’s next support level.

 

NZDUSD BUY 0.7756 – June 14, 2012 - TARGET 3

NZDUSD BUY 0.7756 – June 14, 2012 – TARGET 3

The trade generated 198 Pips, making it another successful trade using forex signals sourced from Traders Elite.

 

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