NZD/USD and NZD/CAD
NZD/USD This pair is fairly simple, From 0.6653 current just before the open, the next break below is found at 0.6635 and big break at 0.6608. NZD is quite oversold but in the short term and middle section of the curve. Long term, NZD/USD is a trend just beginning. The big point above is found at 0.6933.
NZD/CAD The next big break below is found at 0.8375 from current 0.8414 then comes 0.8215. Above 0.8430, 0.8447. Breaks higher means NZD/CAD goes higher as a new distribution begins. Watch NZD/CAD as Correlations V NZD/USD are at peaks
As long as I’m able, I wil continmue to pump out trades, data, info.
Brian Twomey Inside the Currency Market, btwomey.com