RBNZ Interest Rate Decision - there has been speculation that the bank will cut rate today. In anticipation of this most of the NZD pairs have shown NZD to be weak as other have gained. However, looking at all NZD pairs it seems that the gains have been of the corrective nature. Therefore, if the rates are maintained there could be spike in the prevailing...
The ichimoku chart shows that DOWI will go a little bit on the upside, but indicators show that there isn't a lot of room left on the upside. Tenkan Kijun twist may occur inside the cloud wich would announce a soft upside. Having an eye on the Kumo cloud and particularly on the next days show that there is a twist and confirme a reversal, at least a correction...
In principale market has already priced ECB interst rate decision i.e to lower the interest rate and refi rate to negatif. Therefore is no decision is taken, Eur will jump high against USD. If the decision of ECB is limited to interst rate cut, then, there may be a swift move down to 1.355 or even bellow to 1.352 but the buyers will come back on the market,...