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1.6629 new zealand dollar

Ascending channel, page-44

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grandcaruso

2,317 Posts.

12/03/15

08:18

Post #: 14899702
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Originally posted by grandcaruso ↑

RBNZ meets tomorrow. Rates expected to stay on hold. Then the next day Aussie unemployment figures come out. So it could be a big week for the pair. Technically A/N looks reasonably strong. However to me it's current level seems the top of the channel and it needs some macro events to push it higher. I'm favouring downside from here because I can't see the fundamentals changing that much to push it higher.

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I'm in. Short A/N. Also will think about N/U as a quick trade on any pullback. NZD vs yen flirting with 200 dma so could breakout from here.

Price at posting: 1.3730 Sentiment: None Disclosure: Not Held
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0 Great analysis

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