Trade of the day: NZDUSD

NZDUSD has made a double bottom pattern on the 1 hour time frame and is good to cross the neckline of the pattern. The RSI also shows some good upward momentum. Other technical indicators including the moving average also supports further bullish movement.

The days pivot price is at 0.688550. Best trade recommendation for this pair would be to go long and target 0.6955 and 0.6975.