However, June inflation numbers from China will move the dial.
There are no economic indicators from Australia or New Zealand to draw interest this morning. The lack of economic indicators will likely leave investors to consider the US Jobs Report and sentiment toward the Fed monetary policy outlook.
Later this morning, inflation numbers from China will draw...
It is a more an irregular pair, but had a request to look at it.
The pair is likely going upwards short-term, and we may see a break of the resistance 9.51 area for a move to 11.25-11.50 area.
The monthly chart does not have a lot of data, but I suspect similarly as the USDTRY monthly chart, that we will correct lower in the longer term. If we are able to have...
The weekly and monthly chart prices are not reliable and created a unusable chart.
The daily chart current 8.9800 has cloud resistance 9.51 and since I have the overall view of TRY strength medium term, the NZDTRY will follow suit as well. We should move towards 7.3000 area in the 1st to 2nd quarter 0f 2022 is my view.
For now, SELL in small increments current...
