chanel
Long

Long NZDUSD on Momentum

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
40 3 1
Technicals:
  • Rejection of temporary horizontal level
  • Rejection of bottom of bullish channel
  • Rejection of bottom of 21 MA

Fundamentals:
  • ADP Employment Change is expected to miss forecast
Ronnee
5 months ago
Hi, what abt spencer 2 day, housing etc, then wheeler 2 Moro, int rates? Possibly no change, decrease is likely however, ease of mortgages might stop it. Cheers Ron NZ
Reply
chanel Ronnee
5 months ago
Technically the price will reflect the fundamental economic changes in the market and price it in. Bulls still look like they have control at the moment but the recent rallies have fell short. Will be keeping an eye out for setups after the non-farm payroll tomorrow.
Reply
Ronnee
5 months ago
Yeah exactly, I know, seems to be strong to the upside, cheers r
Reply
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