ZXY trade ideas
NZD CURRENCY INDEXHello Everyone
NZD is exhausted and preparing for a long term bullish movement
Remember the Saying: Do not buy on resistance, Do not sell on support !
it is time to think twice when it comes to NZD crosses.
for example look only for:
NZDJPY buy
NZDUSD buy
EURNZD sell
AUDNZD sell
Good Luck !
ZXY - Ready for a Breakout in the KiwiHey mates,
On the weekly chart of the NZD dollar index, we can see it is at a demand zone, a trend line resistance, and a significant fibo level. I am expecting a break to the upside for ZXY within a week's time given solid fundamental data. Keep an eye on all NZD pairs in the month of October, they might break out.
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Kiwi Respecting Modified Schiff in Exanding Wedge $NZD $ZXYBias is toward the downside as we see the kiwi respecting a modified schiff through a potential final leg of an expanding triangle. If top resistance is broken, this bias will be re-evaluated. For now, target is near bottom trendline and bottom median line parallel.