At the moment we have NZDUSD following a nice bullish channel, it has broken the daily trendline (dotted) however rejected a resistance level of 0.68961 . I will now be watching to see whether it continues to follow the bullish channel upwards if it falls to the trendline and rejects. If it does reject the trendline and remain bullish I can see it then breaking...
I want to see market price pull up to the resistance at the .7255 zone/50ema as well as momentum and macd to pull up to their resistance points. When all three have pulled up I will look to take a short targeting new lows at the .7160 zone
Recent rallies have been quickly sold implying NZD cannot remain at these higher levels against the dollar. November confirmed the negative momentum and after yesterdays rate further enhancing the negative outlook for weeks to come.
I have attached the previous nzdusd chart for comparison purposes, all the best with this position into the new...
A quick draw up of the most obvious Magic-T's, it's clear that NZDUSD it heading towards a consolidation. Notice the high volume, starting 2016-11-08, now been sinking for a while. Building up cash to the next event starting soon at current price. I'm leaning towards a short, depending on the fed news tomorrow, (whether we get a rate rike or not). For me it looks...
The recent upward spike was quickly and decisively reversed, once again providing strong evidence of N.U's inability to maintain rallies above .730
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traders, i hope you are all ready for this week of firework - i will be continuing to look at carry trades as we expect some reallocation to the kiwi as investors re-consider the RNBZ outlook. Moreover while futures point toward further upside in this weeks milk auction
as many of you have seen my related idea which will be the long up til .75x levels (see...
Likes, comments and shares are much appreciated, thanks for all the support you've given me over the past few months and glad that everyone had a lovely week back with me on gbp/usd.
NZDUSD is closing up to a make or break point to both the upside and downside looking only at price action.
This would be a huge chance for the day trader - or even all traders to manage a very big trade.
Keep an eye close on this pair
the kiwi was able to break out of triangle based on last week's news and has since retraced right back into it, currently the pair could go either way, Entries are set on both sides to take advantage of whichever way price breaks. There should be some movement at least in the US afternoon session since the rate decision will be announced today