NZDUSD has a cup and handle breakout
NZD has announced no more rate hikes and higher for longer.
Fed is done and not expecting any fireworks from FOMC tonight.
US data is slowly, risk tone and seasonals now should favour Kiwi.
Kiwi is not widely owned as per CFTC data but expect that to change in the coming days.
China looks to be stabilising, shipping data suggests so.
Options markets are suggesting higher prices. Target should be around 0.63.
Fed is done and not expecting any fireworks from FOMC tonight.
US data is slowly, risk tone and seasonals now should favour Kiwi.
Kiwi is not widely owned as per CFTC data but expect that to change in the coming days.
China looks to be stabilising, shipping data suggests so.
Options markets are suggesting higher prices. Target should be around 0.63.
Order cancelled:
We didn't get a close above above prior resistance. Awaiting more consolidation of the handle.
Comment:
Missed opportunity!