NZD/USD Still Subdued, Here's Why..
Markets are calming somewhat pre NFP and importantly pre election.
The lack of USD weakness off the back of stronger economic data previously is the main culprit alongside a lack of demand for Antipodean currencies.
This, unsurprisingly has not changed. Price levels below are far more favourable for traders and there is still no impetus for longs (see current price action, pushes lead to instant rejection off early MA's).
I am willing to scale in lower, no rush to get massively long whatsoever. Only light entries if need be.
See bottom black line in line with prev PA zones.
The lack of USD weakness off the back of stronger economic data previously is the main culprit alongside a lack of demand for Antipodean currencies.
This, unsurprisingly has not changed. Price levels below are far more favourable for traders and there is still no impetus for longs (see current price action, pushes lead to instant rejection off early MA's).
I am willing to scale in lower, no rush to get massively long whatsoever. Only light entries if need be.
See bottom black line in line with prev PA zones.
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Posts Not financial advice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Free Pro Multi Asset Trading Guide:
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.