beingpro

NZDUSD: Technical analysis on daily chart

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
NZDUSD could be making a simple ABCD pattern on daily. RBZ was dovish on NZD. They even see inflation going down in coming months. I don't think there will be any removal of stimulus until 2019.
On the other hand, US data was strong. GDP went up. manufacturing index is green. USD seems to get strength back in near term. Perfect mix for shorting NZDUSD.

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