Day 1 Powell Testimony
There are no economic indicators from Australia or New Zealand to move the dial this morning.
The lack of economic indicators will leave investors to reflect on Tuesday’s RBA meeting minutes and Fed Chair Powell’s testimony later today.
Disappointing moves to shore up the Chinese economy will also test buyer appetite until Beijing...
Nzdusd has arrived at a very important zone.
Thus is a confluence of previous daily resistance and the bottom support turned resistance of a daily channel.
These all argue a bearish case, but shld we sell?.
An impulsive breakout of the LTF ascending trend line and the LTF key level around 0.64500 and 0.64380 shld provide entry confirmation for shorts.
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The price is below the moving average of 20 MA and MA 200, indicating the downward trend.
MACD is below the zero levels.
The oscillator Force Index is below the zero levels.
If the level of support is broken, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 0.6480
• Take Profit Level:...
Hello traders,
In an hourly chart, Dollar Index fighting one another to prove their strengths. NZDUSD running to take a turn to fall down, technical concerns providing back-up-could stabilize the pull action. Short profit seekers keen on pending entry zone, precise the entry.
Signal Specification.
P.Entry: 0.68800
Tp: 0.68550
Sl: 0.69050
R/R: 1.33
