FX:NZDUSD   New Zealand Dollar / U.S. Dollar
22 1 1
We can see the NZD/USD             has not pushed through the 0.76 level the past two weeks. This technical analysis combined with the fundamental down turn of the dairy market have set up a trading opportunity to sell at the 0.76 level. The NZD/USD             is overvalued at this current time and we should see the currency move towards the lower 0.72 region. Interest rates are unlikely to increase in New Zealand and the only reason would be the Auckland housing market otherwise there is no need for interest rate hikes.
I agree with your sentiments. On the 30m time frame, a Bearish ascending ( Flat Top, bottom rising) triangle has finally broken through, continuing in a Bearish trend. 0.75142 has been set, as of this time. Could go further.
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out