AdrianG7
Short

NZD/USD short continuation

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
40 0 1
Last week we saw how the kiwi turned negative quite quickly. The RBNZ pushed the kiwi lower by opening a crack for potential rate cuts and complaining about the strength of the kiwi, as usual. This continued the trend already seen beforehand. In the US, poor GDP data was countered by a relatively optimistic Fed and a greenback comeback.

As indicated by the arrrows, these are my opinions about the near/medium future. We also have a lot of fundamental data on both nzd and usd. Hopefully (if you are already short) the news from both sides will push the kiwi lower. My first tp is the 38% fib and then if the momentum remains ( macd just crossed for a short on Daily) we will see the price go to the 23% and even 0.7150 zone.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out