NZD/USD Hits Target

Our trade setup on NZD/USD from Monday’s analysis (13th May) has just hit our target at the 0.65259 price area during the early hours of today’s European session. We highlighted the very under-performing nature of the NZD and based US-RoW growth differential we suggested to sell it against the USD – read full analysis here.We locked in around +38-40 pips in profit from our entry point as at the time of publish.

NZD/USD 1-Hour chart showing price closed out in +39.7 pips in profit

In monetary terms, for instance, clients that traded with:

N100 (trading amount) * 39.7 points = N3,970 N1000 * 39.7 points = N39,700 N2000 * 39.7 points = N79,400 N10,000 * 39.7 points = N397,000

N.B: Depending on the trading amount returns could be lower or higher than the above examples.

At EGM, will would always strive to ensure that our clients are profitable!

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