FUTURE MEDIUM TERM TARGET ZONE FOR NZDUSD FOR TRADING 1250 PIPS
FUTURE MEDIUM TERM TARGET ZONE FOR NZDUSD FOR TRADING 1250 PIPS
02/09/2017
THE FED AND RBNZ MANAGE THE NZDUSD TO THE LEVEL 0.6850 AS THE NEW BASELINE FOR 15 % + 1 % WIDTH OF MEDIUM TERM PRICE STABILITY IN THE FUTURE TO MATCH THE CURRENT WIDENING OF MEDIUM TERM EXCHANGE RATE TARGET ZONE.
ACCORDINGLY, THE NZDUSD WILL BE ALLOWED TO BEARISH TO DOWNWARD FROM THE CURRET RATE 0.7150 TO THE LEVEL OF 0.6850 AT WHICH LEVEL THE PAIR WILL BE TURNED TO UPWARD FOR 15 % + 1 % WIDTH OF MEDIUM TERM PRICE STABILITY WITH UPPER MEDIUM TERM BAND ESTIMATED AT 0.8100 FOR 1250 PIPS TARGET ZONE.
AS A RESULT, THE CURRENT LONG ON NZDUSD AT 0.7200/0.7219 SHOULD BE CLOSED AND TO RE-ENTER THE TRADE TO LONG AT 0.6850 IN THE NEAR. THIS IS LIKELY TO BE UNIQUE, BUT JUST WATCH THE 0.6850 AND 0.8100 FOR FUN.
02/09/2017
THE FED AND RBNZ MANAGE THE NZDUSD TO THE LEVEL 0.6850 AS THE NEW BASELINE FOR 15 % + 1 % WIDTH OF MEDIUM TERM PRICE STABILITY IN THE FUTURE TO MATCH THE CURRENT WIDENING OF MEDIUM TERM EXCHANGE RATE TARGET ZONE.
ACCORDINGLY, THE NZDUSD WILL BE ALLOWED TO BEARISH TO DOWNWARD FROM THE CURRET RATE 0.7150 TO THE LEVEL OF 0.6850 AT WHICH LEVEL THE PAIR WILL BE TURNED TO UPWARD FOR 15 % + 1 % WIDTH OF MEDIUM TERM PRICE STABILITY WITH UPPER MEDIUM TERM BAND ESTIMATED AT 0.8100 FOR 1250 PIPS TARGET ZONE.
AS A RESULT, THE CURRENT LONG ON NZDUSD AT 0.7200/0.7219 SHOULD BE CLOSED AND TO RE-ENTER THE TRADE TO LONG AT 0.6850 IN THE NEAR. THIS IS LIKELY TO BE UNIQUE, BUT JUST WATCH THE 0.6850 AND 0.8100 FOR FUN.
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