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asoto81

NZDUSD Short.1.77 R:R

Short
New Zealand Dollar / U.S. Dollar (OANDA:NZDUSD)  
asoto81  
OANDA:NZDUSD   New Zealand Dollar / U.S. Dollar
Support and Resistance Fundamental Analysis
1
0
supportandresistance fundamental

  • Price at 0.59400 resistance level showing some weakness
  • Inflation declining in NZ. Inflation rising again in the US
  • Better GDP and employment data in the US compared to NZ
  • 10 years bond yield spreads in a downtrend
  • COT report showing 62% of Non-Commercial positions are short for NZD
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