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khansalarehsan

NZDUSD Long

Long
New Zealand Dollar / U.S. Dollar (FX_IDC:NZDUSD)  
khansalarehsan Updated   
FX_IDC:NZDUSD   New Zealand Dollar / U.S. Dollar
Trend Analysis
15
0
trendanalysis
I am bearish on NZD D1 which makes this trade less likely to be winning but considering the huge pressure on USD and the broken Neckline on inverter H&S on NZDUSD, make me convinced that this pair may rise until the first layer of resistance which is shown in the chart.
Comment:
US 10 years Yields does not have any support until lower band of the wedge.
That is the next target that puts more presure on USD
Comment:
Comment:
Not an easy spot for NZD (Weighted Average D1) to break higher. But if it breaks it will be crazy...
Price trapped heavily between support and resistance

snapshot
Comment:
At fresh daily high, I would add
Comment:
Watch the correlation between NZ 10 years yields and NZD weighted average.
It seems both of them turning back.

snapshot
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