justatrader

On to RBNZ.. Watch the Head and Shoulders

CME:N61!   NEW ZEALAND DOLLAR FUTURES
Kiwi likely to come under pressure on RBNZ rate cut, which is already priced in but the current risk off sentiment could weigh on the New Zealand dollar (N61!) in the near term. Watch the head and shoulders pattern, which will be triggered on the break of the rising neckline support.

Downside targets: $0.7030 and $0.7000
Professional market analyst with a keen interest on futures. Love keeping an eye on the markets. Currencies, bonds, commodities. Combining technical analysis and the fundamentals. Contact me for more details.
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