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Jul 28, 2022 1:17 PM

$NZD KIWI - Where to next? 

New Zealand Dollar/U.S. DollarFXCM

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NZD KIWI - Where to next?

We had the FOMC, wasn't as hawkish we are at neutral rates, we had a horrible GDP and now we are in data dependent of course, is recession priced in already? Well, time will tell but regarding NZD:

Technical terms: In pennant/Bull flag a break to either direction. A break above 50 EMA - TL down we onto the bulls further in control next area of interest 1.618 areas which is a key resistance zone.

I bullish FX commodity pairs and precious metals, even a crypto! (Not Investment Advice)

TJ

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