[Hassam]

NZDUSD weekly chart is showing a downtrend. NZDUSD daily chart is showing an uptrend. NZDUSD H4 chart is showing downtrend with the EMA55 below EMA21. So overall NZDUSD trend is down. We will have a retracement in the up direction before NZDUSD restarts the downtrend. As a day trade NZDUSD is an important pair. NZDUSD is one of the major pairs. Take a look at NZDUSD H4 chart:

As you can see, the trend on NZDUSD H4 chart is down. Price has made a retracement in the up direction. Most probably the downtrend will continue when this retracement in the up direction will be over. As a day trader, our aim should be to make 50-100 pip per pair. Just trade 4-5 pairs and if we are able to make 50 pip per pair, we can make 200-250 pips daily. Automation is the name of the game now. Developing an EA that can implement our trading strategy can be a good idea.

When you trade NZDUSD, you should keep an eye on the New Zealand economy and on the US economy. New Zealand is a beautiful place to visit. It has many scenic places. So while you day trade NZDUSD, you can contemplate visiting New Zealand with the profit you make trading NZDUSD.