capitalpropertiesfx

NZDUSD ahead of the Financial Stability Report

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
4
I must admit - the whole structure from the beginning of October until today looks fairly weird and funny, if I may say so. Nevertheless, ahead of this high-risk event, I prefer to stay on the short side, simply because the trend is down and the overall structure looks corrective. Ideally, I would prefer to see price turn from current levels but the price action is very bullish right now on hourly bases, so we may see another push higher towards the main trendline.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.