We expect ZXY to fall as to follow its channel, if ZXY breaks the major resistance then all the ZXY pairs could be bullish.
As we see, NZD Currency Index (ZXY) is at its Resistance or SBR (Support Becomes Resistance). Though there is no confirmation to what does the NZD Currency Index going, prepare yourself as it is a WEEKLY SBR.
in a few day if stochastic cross under red line it time for make a short order for higher resistance is may not yet allow to test regards
ZXY more Bearish than it's sister AXY, yet still in Neutral overall. Price Action truncating hard Week of the 11th as Non-Commercials dump the Kiwi HARD. ZXY will move to test the bottom of the Daily Chop Block @ 58.5 and potentially give us a new long-term direction. Wait for test and break. A 30% difference in short vs long positions is massive. Should...
WE NEED TO WATCH OUT FOT THIS. WE NEED MORE PRICE ACTION IN ORDER TO FIND THE BIAS
This is our weekly selection of Pairs according to the strenght and weakness of their Index. Pairings for the week: BUYS GBPAUD GBPNZD EURAUD SELL AUDJPY NZDJPY AUDCAD NZDCAD USDJPY****CAUTIOUS Watch Full analysis here: youtu.be