ridethepig | NZD Market Commentary 2020.01.16
Updated
Mixed data from NZ overnight with strong housing and weak retail sales. The soft sales was mostly expected so only minor spikes were available in NZD on the event risk flow as posted in the diagram here:
As widely expected, NZDUSD presenting another very good opportunity to short 0.664/6x and initially target by covering 0.660x. In AUDUSD same drill as before, tracking 0.692x for a similar move back towards 0.685x lows in the range.
Thanks as usual for keeping your support coming with likes, comments, charts, questions and etc!
As widely expected, NZDUSD presenting another very good opportunity to short 0.664/6x and initially target by covering 0.660x. In AUDUSD same drill as before, tracking 0.692x for a similar move back towards 0.685x lows in the range.
Thanks as usual for keeping your support coming with likes, comments, charts, questions and etc!
Trade active
All shorts filled here, eyes on the open.Note
Trade closed: target reached
All cleared here and covered with longs at 0.660x
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