FelipeCancela

Kiwi still not on the a clear direction

OANDA:NZDUSD   New Zealand Dollar / U.S. Dollar
After the hawkish RBNZ meeting that saw the kiwi rising above 0.73, there is no clear picture on the higher time frames.

We are still trading within this range so I would not be taking any longs even though it is my bias.

When looking at AUD (usually moving together), you can see a very similar pattern.

I am therefore waiting for the market to tell me if it does not like anymore this price or if it likes to trade there.

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