NZDUSD: 140 pips more to drop

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
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NU is too weak and not ready for correction yet.
Down there we will see 140 pips to drop to next level.

Less is more!
Comment: NU broke the so-called support level without any hesitation.

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i respect this analysis, though i'm holding on to a negative 200pips bullish trade hoping to add trades on that support you marked
great chart, same as my view on NU
Thank you Vera for all your help.Im making some profits thanks to you.
May you be Blessed
DXY is around the roof which is a big indicator of a reversal and a decent one at that and with the inclusion of NU currently being around a strong support level I can see it reverse now.
+1 Reply
@Jamal92, Yeah, possible. But I dont see any strong support sign on NU now.
Jamal92 FUNTRADER-Vera
@FUNTRADER-Vera, that I fully agree you with but I think the reason for that is due the rhetoric of trade war still ongoing which is affecting CAD,NZD,AUD greatly while strengthening CHF,JPY and US mildly. Either way great opportunity for long on NU.
@Jamal92, sure, thank you for sharing .
I will keep my view still first and check it later to see if any reversal sign from my strategy.
@FUNTRADER-Vera, I Agree and news will be out soon for US the market is going to crash we might even hit .66 cents.
MatrixFX MatrixFX
@MatrixFX, US has caused an entire global collapse of every currency around the world. Expect more weakness against the US China stocks have fallen to a 2 year low. The entire world is in a state of panic Billions have been lost.
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