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MatrixBits
Nov 16, 2021 3:25 PM

NZDUSD - Support found? Long

New Zealand Dollar/U.S. DollarFXCM

Description

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
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