NZDUSD - CURRENT SITUATION AND TECHNICAL BIAS
#NZDUSD
- NZDUSD has been going down very fast in recent days. The reason for that is because of the VIX UP and the strength of the dollar. COMMODITIES also went down very fast due to MARKET RISK OFF in the previous few days.
Because of that, every NZD BASED CURRENCY PAIR was SOLD. AUD, NZD, CAD, CURRENCIES SELL in these few days due to MARKET RISK OFF again in this week. For that, the impact of CPI in USD was very strong. Fomc update also affected it still strongly.
- Thus COMMODITIES are SWLing quite rapidly. It also affects the NZD very strongly.
- Anyway, NZDUSD can sell further until it reaches 0.5649 LEVEL..
After that, you can BREAK the TREND LINE and move to the NZDUSD 0.6029 LEVEL.
Keep an eye on STOCKS, COMMODITIES, VIX, DXY, MARKET SENTIMENT. Then we can get very good ENTRIES.
- NZDUSD has been going down very fast in recent days. The reason for that is because of the VIX UP and the strength of the dollar. COMMODITIES also went down very fast due to MARKET RISK OFF in the previous few days.
Because of that, every NZD BASED CURRENCY PAIR was SOLD. AUD, NZD, CAD, CURRENCIES SELL in these few days due to MARKET RISK OFF again in this week. For that, the impact of CPI in USD was very strong. Fomc update also affected it still strongly.
- Thus COMMODITIES are SWLing quite rapidly. It also affects the NZD very strongly.
- Anyway, NZDUSD can sell further until it reaches 0.5649 LEVEL..
After that, you can BREAK the TREND LINE and move to the NZDUSD 0.6029 LEVEL.
Keep an eye on STOCKS, COMMODITIES, VIX, DXY, MARKET SENTIMENT. Then we can get very good ENTRIES.