WayneKigen

NZDUSD Intra-day Buy Idea

Long
OANDA:NZDUSD   New Zealand Dollar / U.S. Dollar
We are looking at a convergence of trends. This is even more important when factoring in the technical demand and supply levels (previous resistance, current support; highlighted rectangle for current demand zone or previous supply zone). This convergence becomes a large buy signal for me when also considering the aftermath of the Fed's remarks, higher jobless claims (higher unemployment later today) and NFP all coming together. I think this will be a crucial pivot point for Kiwi.
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