NZD.USD retrace and Bounce as planned, now at Key Resistance
Follow up to my post-RBNZ news analysis (click).
As you know, NU spiked based on RBNZ surprise.
It then retraced and bounced roughly as expected.
Now at Key Resistance that will determine trend.
Just before US Retail Sales report, we are at "make or break" point.
If the report is good, we will reject from one of these resistances.
If it is a "miss", then NU should blow through and make a new high.
Overall I am Bullish on NZD.
Previous Analysis:
.636 Support after RBNZ
.624 Long Call (perfect entry, huge profits)
.647 Short Targets
.634 Long Re-Entry (near perfect bounce call)
As you know, NU spiked based on RBNZ surprise.
It then retraced and bounced roughly as expected.
Now at Key Resistance that will determine trend.
Just before US Retail Sales report, we are at "make or break" point.
If the report is good, we will reject from one of these resistances.
If it is a "miss", then NU should blow through and make a new high.
Overall I am Bullish on NZD.
Previous Analysis:
.636 Support after RBNZ
.624 Long Call (perfect entry, huge profits)
.647 Short Targets
.634 Long Re-Entry (near perfect bounce call)
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
