Price has been ranging on weekly with distinctive lower high patters , I see price move up one more time to the upper range to either retest the Resistance zone or the broken triangle.
This effect may follow up in NZD strength throughout the NZD minors.
the nzd has been one of the strongest currencies of all the g10 currencies as of the last however long. very possible to see a drop into a complex correction of sorts then higher, but ultimately i dont like to push currencies too far, especially with so many other great opportunities out there right now!
To illustrate today's analysis, I propose a model of statistical discrepancy on currencies, in order to justify who is the real leader of the financial markets, which seem to accuse a global pre-slowdown of the financial markets. So I gathered a basket of generally aggressive currencies to which I oppose them to a basket of defensive currencies; After algebraic...
The last few days will be crucial for the financial markets, in particular, the currency market, the bond market, and the stock market. Particularly with the large-step approach of the mid-term elections of the American president. Some believe that if Republicans manage to keep the House of Representatives and by increasingly establishing a majority, the prices...
You have front of your eyes the evolution of the relationship between the currencies of risk appetite and the currencies of risk aversion since the exit of the financial crisis of 2008-2009 to today (at the dawn of a new market shaking). We find ourselves curiously in the same configurations and this seems to ripen quietly week after week.
Note: The markets are...
NZD is exhausted and preparing for a long term bullish movement
Remember the Saying: Do not buy on resistance, Do not sell on support !
it is time to think twice when it comes to NZD crosses.
for example look only for:
Good Luck !