FxWirePro
Short

Kiwi trades lower after FOMC meeting , good to sell on rallies

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
478 6 11
NZD/USD             has made a low of 0.6625 after hawkish FOMC meeting. US Fed has kept its interest rate on hold in meeting held on Oct 27-28th.

But they have increased likehood of Fed rate hike in Dec by removing previous warnings about the fragility of the global economy.

RBNZ has also interest unchanged and warned that increasing NZD will force the central bank to cut on Dec.

Technically Kiwi is facing strong resistance around 0.6755 and break above targets 0.6800/0.6830

On the downside it is facing strong support around 0.6625 and break below will drag the pair to 0.6550/0.6500.

it is good to sell on rallies around 0.6680-85 with SL around 0.6755 for the TP of 0.655I
It's amazing how things are playing out so far. Am I glad....? (smiling)
Reply
Hi Gc Naif, been a while. Did you get into this trade on the 23rd oct? I assume you have now exited ?
Reply
GcNaif MOD DerekUweri71
@derekUweri71 , hi derek, yes i m in the trade on first attempt i was stopped out n then got in again and added some on the way
+1 Reply
Hi Gc, well done! Why did you get stopped out? And then get back in? The chart you attached above, a pattern I trade, I know you trade harmonics, would you call this is a harmonic?
Reply
GcNaif MOD DerekUweri71
Hi derek i guess you did not click on chart . actually this idea was based on Clones. Yes i do harmonics also , i was stopped out cos i had tight SL and when i got chance i re entered. You can message me if you want.
Reply
Thanks for sharing , i m in from 0.6840 with multiple trades.
+1 Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out