My home currency!
Hey traders
Its been a volatile past few days with Trump and North Korea talking trash with each other sending global exchanges into the red, and breaking the DOW's 9 day streak!
But aside from that we can still find setups in the currency markets, NZD has been in a strong uptrend since late 2015, so even with a slight drop at the start of this month, price has hit a major structure level dating back to sept 2016 and feb 2017. To add to this we've had a major rally to the upside this morning with the RBNZ keeping interest rates at 1.75% as expected. This rally has bounced off previous structure, i would not enter trade yet as I would like to see a confirmation that the trend has continued its upward movement with a new higher high and higher low.
Thanks
Plan your trade, trade your plan.
Its been a volatile past few days with Trump and North Korea talking trash with each other sending global exchanges into the red, and breaking the DOW's 9 day streak!
But aside from that we can still find setups in the currency markets, NZD has been in a strong uptrend since late 2015, so even with a slight drop at the start of this month, price has hit a major structure level dating back to sept 2016 and feb 2017. To add to this we've had a major rally to the upside this morning with the RBNZ keeping interest rates at 1.75% as expected. This rally has bounced off previous structure, i would not enter trade yet as I would like to see a confirmation that the trend has continued its upward movement with a new higher high and higher low.
Thanks
Plan your trade, trade your plan.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.