MatrixBits

NZDUSD - Support found?

Long
MatrixBits Updated   
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
We may have support forming on NZDUSD continuing to watch the US Dollar is due for a correction.

- New Zealand Debt $156 Billion
- US Debt $28.9 Trillion
- Inflation is high in NZD however it's also high in US from money printing.
- The money should be printed in US soon and it's going to cause the currency to fall
- US can't afford an interest rate hike
- NZD can afford an interest rate hike
- Bullish for NZD
Comment:
Keeping in eye on it don't buy yet until you see a bullish long candle above bear candle on the 4-hour

I am only a speculative trader and this is not financial advise on trades.

- If you are losing money close the trade

- Start with .03-.05 units and learn to manage risk

- Don't take profits too early cheers!


MatrixBits
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