JPY losing strength, NZD gaining

27 mar 2017

Hey traders, looking at the NZD and JPY as individual currencies and matching the strong vs the weak, NZD has been increasing while JPY is falling after the huge surge last week. When pairing these two together, you can see divergence in the MACD and a nice channel forming. Who wants to bet the channel will be broken to the upside? If it were me, I would be waiting for a close above the trendline and wait a little bit to see what happens. If the trade goes in our direction, we have a long way to go until exiting, possibly seeing it go back up to 80.0.