I tend to trade the AUDUSD more often than the NZDUSD, but the setup in the Kiwi today required only a 13 pip stop loss for a potential 41 pips to our daily target at .6463.
My preference is not to enter trades in the middle of the Asian session range unless I have a number of compelling reasons or confluences. A thirteen pip stop loss and a greater than 3:1 reward for the risk also helped in the decision making. As we approached the Asian session lows, we locked in more profit especially as the U.S. session was nearing and there was important economic releases pending.
The trade was closed at our target in advance of any news related volatility or reversals.
There are a number of economic news releases on Friday to be aware of for Europe, U.S. and Canada.
Good luck with your trading!