Day 1 Powell Testimony There are no economic indicators from Australia or New Zealand to move the dial this morning. The lack of economic indicators will leave investors to reflect on Tuesday’s RBA meeting minutes and Fed Chair Powell’s testimony later today. Disappointing moves to shore up the Chinese economy will also test buyer appetite until Beijing...
NZD/USD capped at 50-DMA, break above could see more upside. Stochs are at oversold, scope for bullish rollover
Nzdusd has arrived at a very important zone. Thus is a confluence of previous daily resistance and the bottom support turned resistance of a daily channel. These all argue a bearish case, but shld we sell?. An impulsive breakout of the LTF ascending trend line and the LTF key level around 0.64500 and 0.64380 shld provide entry confirmation for shorts.
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After RBNZ keep the rate unchanged the market respond with bullish sentiment. attention for - FIbo levels 68.1% retracement
All info on the chart. Let TP2 run until an update from me
SL 6230 TP1 6293 TP2 minimum (6326) or let it run until update
The price is below the moving average of 20 MA and MA 200, indicating the downward trend. MACD is below the zero levels. The oscillator Force Index is below the zero levels. If the level of support is broken, you shall follow the recommendations below: • Timeframe: H4 • Recommendation: Short Position • Entry Level: Short Position 0.6480 • Take Profit Level:...