A bullish opportunity recently presented itself on the kiwi-loonie trading chart. This follows from the bullish engulfing candlestick pattern which printed just above the 0.79100 psychological level. A stop loss below the 0.79000 psychological level and a profit target anywhere between your entry and the swing high of 0.82534 could give you a reward-to-risk ratio...
Nice retouch after breaking wedge and seems Kiwi want to gain more than 100 pips against Dollar.
So, long Kiwi with logical stop loss and wait for tomorrow Kiwi data.
While a number of technicals point to a bit of an upside trend, this should be limited by short-term resistance followed by a correction back to the long two-year channel that has formed. Daily FX's Nick Cawley called this the trade of the year to short this pair. So far its not panning out. For more, check out www.anthonylaurence.wordpress.com
Oscillators and exponential moving averages suggest a buy. If you're a trend trading, this one is an obvious long. Short when price action meets downward sloping resistance.
Find more of my analysis with more words at www.anthonylaurence.wordpress.com
The nzd is around the down T-line july 2017 and the long up T-line from Sept 2015
SO technically i see a rebound on this technical cluster/area
i also think the qell-off of the NZD will be done for a short term coz is onli on a speculation of a singapor style monitary policy that is quiet impossible to do for New Zealand
Aslo even is political problem of...
