The nzd is around the down T-line july 2017 and the long up T-line from Sept 2015
SO technically i see a rebound on this technical cluster/area
i also think the qell-off of the NZD will be done for a short term coz is onli on a speculation of a singapor style monitary policy that is quiet impossible to do for New Zealand
Aslo even is political problem of uncertainly they cannot forget the upbeat CPI and GDP last printed.
i will not talk again that he is oversold much and on weekly-monthly support and after more than 1.5% down need a correction highter
Long at 0.6950
target at 0.7055
gain 105 pips
open two different position
SO technically i see a rebound on this technical cluster/area
i also think the qell-off of the NZD will be done for a short term coz is onli on a speculation of a singapor style monitary policy that is quiet impossible to do for New Zealand
Aslo even is political problem of uncertainly they cannot forget the upbeat CPI and GDP last printed.
i will not talk again that he is oversold much and on weekly-monthly support and after more than 1.5% down need a correction highter
Long at 0.6950
target at 0.7055
gain 105 pips
open two different position
Comment:
in fact i enter withotu patience and i know technically i should wait at least that the price come to the long term up- t-ie since sept 2015 anyway i am in gain for now