Hello guys. I think there is potential for a bullback here as Dollar index in at previous highs. The trendline has potential. Disregarding the flash crash manipulation, the trend line could support a 50 pip pull back.
Although my overall outlook is US dollar trend is strong and will continue.
Awesome Trade Yesterday Folks hope you had some profits from that.
Here we are entering NZD/JPY where there has been previous support and where we currently rallied from.
We are currently drifting upwards although i do not think this pair is ready to hit the .236 Fib yet.
We look for another retest of support, where we can get the highest probability setup.
We have seen this pair rally off this Major Support a number of times now. The Kiwi showed great strength in November where it had its strongest rally of the year.
Now that we are a approaching these levels where the rally started we can expect strong demand and high volatility.