Majors Based NZD Index Long

1/((FX:AUDNZD+FX:EURNZD+FX:GBPNZD+FX_IDC:CADNZD+FX_IDC:JPYNZD+FX_IDC:USDNZD+FX_IDC:CHFNZD)/7)1D

1/((AUDNZD+EURNZD+GBPNZD+CADNZD+JPYNZD+USDNZD+CHFNZD)/7)FXCM

Description

⋅ Jul 6, 2020 11:24 PM

Although NZD has moved into the top spot, I would exercise caution if taking aggressive trades. I'll be watching for a sustainable breakout above resistance to signal the continuation of NZD strength.