ridethepig | NZD Spot Commentary 2020.01.20
Updated
AUD and NZD flawlessly trading in sync with our range trade flow picture (see diagram):
![ridethepig | NZD Price Dissection [Live]](https://s3.tradingview.com/w/WmSCXJ5v_mid.png)
Eyes this week are on AUD employment prints, another drop in the unemployment rate will be enough to take RBA cuts off the table. I’m against expectations and looking them to follow RBNZ in Dec with the surprise hold. I still think we will find offers at the 0.692x in AUDUSD and this will carry NZD as collateral so 0.666x NZDUSD makes sense to play the same map for now.
Remember we can comfortably lean on the long-term flows we mapped out for 2020, the direction is on our side. You know the drill:
A clean and simple leg to track: BUY 0.660x => TP 0.666x with Invalidation and reassessment required below 0.655x. Thanks as usual for keeping the likes and comments coming ... Good luck!
Eyes this week are on AUD employment prints, another drop in the unemployment rate will be enough to take RBA cuts off the table. I’m against expectations and looking them to follow RBNZ in Dec with the surprise hold. I still think we will find offers at the 0.692x in AUDUSD and this will carry NZD as collateral so 0.666x NZDUSD makes sense to play the same map for now.
Remember we can comfortably lean on the long-term flows we mapped out for 2020, the direction is on our side. You know the drill:
A clean and simple leg to track: BUY 0.660x => TP 0.666x with Invalidation and reassessment required below 0.655x. Thanks as usual for keeping the likes and comments coming ... Good luck!
Note
Very little to update here with all levels holding despite some minor risk-off knee jerk overnightNote
Eyes on NZD moving as collateral with ECB
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