NZDCHF Long
Updated
Assuming S&P continues to rally from time to time and stays above 2700 (instead of plunging down again to 2500 level), still safe to be bearish on CHF and JPY. Riding the bullish momentum of NZD again driven by its strong economic data, and buying this pair again with TP near 0.69462 weekly resistance (up to 0.70 psychological resistance), and SL/trailing SL near 0.68 (38.2 fib level).
interest.co.nz/currencies/96827/roger-j-kerr-says-sharp-recent-revival-new-zealand-currency-due-combination-factors
S&P 500:
Daily:
Weekly:
Confidence: B (already a little oversold in the daily chart so possible it might consolidate between 0.67-0.68 before continuing up to 0.70 if not this week then later this month)
interest.co.nz/currencies/96827/roger-j-kerr-says-sharp-recent-revival-new-zealand-currency-due-combination-factors
S&P 500:
Daily:
Weekly:
Confidence: B (already a little oversold in the daily chart so possible it might consolidate between 0.67-0.68 before continuing up to 0.70 if not this week then later this month)
Comment
Manually closed last Friday. MIght re-enter trade again next week.
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