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NZDUSD - CURRENT SITUATION AND TECHNICAL BIAS

New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
benny_marshall  
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
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- NZD FEATURE is currently slightly UP. The main reason for this is the UPA in occasional COMMODITIES and some weakness in the USD. The POSITIVE SENTIMENT for USD has not decreased yet. But from time to time DXY CORRECTION is happening. The NZD FEATURE stands at 0.6515 LEVEL. The DXY is currently trading slightly below 101.65. According to the MARKET SENTIMENT and the USD is currently slightly WEAK. Priced above NZDUSD DYNAMIC LEVELS.

- Currently the OVERALL MARKET is RISK ON. STOCKS is currently displaying a GREEN SIDE BIAS. Also the VOLATILITY is getting a bit DOWN. Also COMMODITIES still shows a NEUTRAL BIAS. Currently there is only one RISK ON TONE in the market. Therefore, in the future, all currencies such as NZD CAD AUD can definitely be UP. Also JPY CHF can be DOWN.

- NZDUSD PRICE can be UP to 0.6660 LEVEL before DOWN. Then it can be DOWN to 0.6198 LEVEL. Buying NZDUSD is a bit risky if VIX is UP. So stay tuned with MARKET UPDATES.
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