This is an Idea is speculating on the continuing uptrend of the Kiwi dollar.
NZD/JPY has completed a head and shoulders pattern and possibly has now has enough steam to break out.
Trump Meeting with Xi is good for the NZD as its progress with the US-CHINA trade war,
but it will not provide real improvements. So this is speculating on the volatility of the meeting but in the end
the meeting not providing any real improvements thus equities continue to sell of after fake rallies.
NZD/JPY has completed a head and shoulders pattern and possibly has now has enough steam to break out.
Trump Meeting with Xi is good for the NZD as its progress with the US-CHINA trade war,
but it will not provide real improvements. So this is speculating on the volatility of the meeting but in the end
the meeting not providing any real improvements thus equities continue to sell of after fake rallies.
Trade active:
Looking very Healthy. We have Broken out of the Range. I think we will retrace a bit and bounce off (77.79) (previous resistance now support).