NZD/USD short continuation
Last week we saw how the kiwi turned negative quite quickly. The RBNZ pushed the kiwi lower by opening a crack for potential rate cuts and complaining about the strength of the kiwi, as usual. This continued the trend already seen beforehand. In the US, poor GDP data was countered by a relatively optimistic Fed and a greenback comeback.
As indicated by the arrrows, these are my opinions about the near/medium future. We also have a lot of fundamental data on both nzd and usd. Hopefully (if you are already short) the news from both sides will push the kiwi lower. My first tp is the 38% fib and then if the momentum remains (macd just crossed for a short on Daily) we will see the price go to the 23% and even 0.7150 zone.
As indicated by the arrrows, these are my opinions about the near/medium future. We also have a lot of fundamental data on both nzd and usd. Hopefully (if you are already short) the news from both sides will push the kiwi lower. My first tp is the 38% fib and then if the momentum remains (macd just crossed for a short on Daily) we will see the price go to the 23% and even 0.7150 zone.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.