kiwiwalnut
Long

NZDUSD Long for Strong Expect Data Thursday

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
43 0 0
Structural support and fib and DMA on the 4 hr             - entering long now - NZ             data expected to be epic strong and move down suggests one of two things:

1) Market not convinced housing boom driven growth is great parred with untrustworthy data from China and also pricing in overhyped GDP data for NZ             .
2) Setting up for big upwards moves soon - Flip side to above. if market expectation of good data is somewhat true - should see a slow build up of upward momentum tomorrow and any shortfall below forecast will slow momentum.

Either all - lazy post but safer entries will be to wait until 4hr closes back above fib .786 and EMA200 leaving a tail. I'm still feeling .75 will be tested by end of the month so lets wait and se
Comment: Taking half profit and moving remaining position to break even. Looks like downward risk is building across USD pairs
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