New Zealand Dollar / U.S. Dollar

At an interesting spot

By mortdiggiddy

Updated

Back to CAM Year Pivot S3 and pitchfork 50% line. Fully rejected major pitchfork that goes back years.

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Keep in mind that May on average sees a bottom in USD based currencies in the middle of the month. However, May is the strongest DXY month of the year.

ig.com/uk/trading-opportunities/seasonal-trends-in-the-forex-market-39690-170905

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charts.equityclock.com/euro-forex-fxeur-seasonal-chart

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Closer look

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First target is near Year Pivot (cyan line) and the 200 Day and 200 Week SMA which all happen to be right in the same zone.

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Find the edge.

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