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tomstewy

NZDJPY - Will The Flightless Bird Soar?

Long
New Zealand Dollar / Japanese Yen (FX:NZDJPY)  
tomstewy  
FX:NZDJPY   New Zealand Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns NZDJPY Forex forexsignals NZD jpy NZDUSD kiwi kiwiyen kiwidollar
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trendanalysis harmonicpatterns chartpattern nzdjpy forex forexsignals nzd jpy nzdusd kiwi kiwiyen kiwidollar
NZDJPY is stabilising around support at structure / fibo 38.2% level / 50 moving average.

NZDJPY also has a bullish seasonal tendency in November & September.

I am looking for upside to continue into the 27% extension.

The RBNZ will likely have numerous rate hikes in the coming year, and NZD traders are looking to price this in now.
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