July Hold Could Spell Further Downmoves (NZDUSD)..

Traders are now pricing in a preferred Sept cut for the FED, leading to slight strength/rebound momentum.
Antipodean currencies have taken a hit on China news, especially AUD, NZD following suite but more so on the encouragement to buy 'safer' currencies (as seen CHF/Yens/USD rise) on fears.
The technical level we have arrived at on NZDUSD (labelled) warrants reasonable technical bias for entry.
Risk remains due to sentiment factors and is somewhat reflected in the most recent price action momentum.
If we do drift lower, Price Action (long) levels may be preferred for entry at relatively recent lows.
Antipodean currencies have taken a hit on China news, especially AUD, NZD following suite but more so on the encouragement to buy 'safer' currencies (as seen CHF/Yens/USD rise) on fears.
The technical level we have arrived at on NZDUSD (labelled) warrants reasonable technical bias for entry.
Risk remains due to sentiment factors and is somewhat reflected in the most recent price action momentum.
If we do drift lower, Price Action (long) levels may be preferred for entry at relatively recent lows.
Note
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Posts Not financial advice.
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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.
Free Pro Multi Asset Trading Guide:
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
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.