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NZD/USD Hourly Put Signal 13 Apr 2016

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Signal details
Entry Price: 
Close Price: 
Expiry Time: 
09:00 GMT
How we trade
5/5 of 2 ratings

The NZD/USD has been marking fresh highs in recent session to get as high as 0.6950 in Asian trading. The pair has since pulled back somewhat to test the round figure at 0.6900, however the move failed to gather momentum and we are seeing a consolidation.

Looking at the hourly chart we are identifying an opportunity for the expiration at 09:00 GMT, which is in about 45 minutes from now. We would be taking a chance by buying hourly put options on the NZD/USD if the rate touches 0.6918. Current prices are hovering just below around 0.6915-16. Stay tuned for more hourly forecasts!

Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.