NZDUSD - CURRENT SITUATION AND TECHNICAL BIAS- NZD FEATURE is currently down a bit. The main reason for this is the slowdown in COMMODITIES and the slight strength of the USD. The POSITIVE SENTIMENT for USD has not diminished yet. The NZD FEATURE stands at 0.6560 LEVEL. The DXY is currently up to 102.54. According to the MARKET SENTIMENT and the USD is currently slightly STRONG. Prices are below NZDUSD DYNAMIC LEVELS.
- Currently the SENTIMENT of the OVERALL MARKET is moving towards the RISK ON side. Also the EQUITIES have become a bit GREEN. VIX is getting a bit DOWN. Also COMMODITIES is showing a UP SIDE BIAS right now. MARKETS currently have a NEUTRAL SENTIMENT, but the RISK ON SENTIMENT is too heavy. HIGH BEATA CURRENCIES are also UP going very well.
- NZDUSD PRICE can return to 0.6520 LEVEL and then UP from that LEVEL. NZDUSD SHORT TERM may be further BUY if COMMODITIES PRICES UP UP, VOLATILITY DOWN.
- NZDUSD PRICE can go to 0.6520 LEVEL before UP. Then you can BREAK the TREND LINE and UP to 0.6730 LEVEL. Buying NZDUSD is a bit risky if VIX is UP. So stay tuned with MARKET UPDATES.
