Danske Bank - Buy NZD/USD and sell USD/TRY
Danske Bank - "This week we present two trades: buy NZD/USD and sell USD/TRY:
NZD/USD – support in .8309/.8288 area to hold for further gains
• Strategy summary – buy at market (.8350) for an objective of .8842. Place stop at .8275.
USD/TRY – a major triangle breakout
• Strategy summary – look to sell into near-term corrective strength towards 1.7695/1.7735 for a fall to 1.7340, then possibly a medium-term bear extension towards the 1.6205/1.6180 area. Place a stop loss above 1.7995."
NZD/USD – support in .8309/.8288 area to hold for further gains
• Strategy summary – buy at market (.8350) for an objective of .8842. Place stop at .8275.
USD/TRY – a major triangle breakout
• Strategy summary – look to sell into near-term corrective strength towards 1.7695/1.7735 for a fall to 1.7340, then possibly a medium-term bear extension towards the 1.6205/1.6180 area. Place a stop loss above 1.7995."
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