FX:NZDUSD   New Zealand Dollar/U.S. Dollar
180 5 0
We had 5 waves down and now we are correcting.
It seems like we are making an inverted head and shoulders .
The mesured move would take us back to the .8350s and .8400.
ForceFollower
3 years ago
The weakening (or rather heavily dumped) US dollar seems to be supporting your bullish scenario. :-)
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traderWgun ForceFollower
3 years ago
Yes, but stocks are also down, which means USD recovery soon or rally resume for stocks. Or that the inverse relationship will end.

But I think that it's more likely that stocks will weaken further.
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alex.a traderWgun
3 years ago
As far as tomorrow NFP is concerned, the same logic like today will be applied. I presume ~
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ForceFollower traderWgun
3 years ago
Yes, USD will either go up or down. There's evidence for both scenarios... Hard to tell.
snapshot
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ForceFollower traderWgun
3 years ago
snapshot
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