In this video update, we take a look at the swing trading opportunity we identified in yesterdays youtube video.
We are expecting the price to continue to move higher after finding support. As it is a Friday you can look
to manage the trade in accordance with your own trading plan.
NZDUSD remains weak across the board as we outlined in our market outlook this week. We expect this
to continue against the stronger currencies however we may see some buyers step back into the
market at the key demand zone here. This will be likely ad the DXY sits at the key resistance, any USD weakness
will help the NZDUSD price push higher.
In this video update, we take a look at NZDUSD as price is respecting the supporting trendline zone. However,
we could see further downside to come to the kiwi as the RBNZ did state that the next rate announcement will likely
be lower. If the market rallies back to minor resistance levels we will be looking for further shorting opporunities here.
Would of done this video with voiceover but have ze man flu & sound crokey as hell.
WEEKLY back under & failing at major resistance levels.
4 Hour broke briefly above resistance but closed below & confirming resistance with multiple failed tests.