Just re posting from previous blog 23/6/17 please see for in depth breakdown :
Okay so overnight NZ trade balance missed , but more importantly USD core and durable goods figs missed considerably . What does this mean, well In my opinion the NZD should hang around our confluence zone for a bit, especially off the back of the CNY Premier LI comments about the economy, this will help boost both AUD and NZD for now .
We have set an entry of 0.7320 but may move it higher up today,
To possibly 0.7330-0.7350
Will make a decision after the US bell rings and trading commences to get a flavour of the tone .
Will keep you posted , happy trading people !!!!!!
Okay so overnight NZ trade balance missed , but more importantly USD core and durable goods figs missed considerably . What does this mean, well In my opinion the NZD should hang around our confluence zone for a bit, especially off the back of the CNY Premier LI comments about the economy, this will help boost both AUD and NZD for now .
We have set an entry of 0.7320 but may move it higher up today,
To possibly 0.7330-0.7350
Will make a decision after the US bell rings and trading commences to get a flavour of the tone .
Will keep you posted , happy trading people !!!!!!
Trade active
Okay we were filled @ 0.7320, remember you cant always pick a top or bottom, just following your rules and entry levels is good enough if you stick to the plan.Stay tuned !!!!!!!!!!
Note
Also expect this to bounce around a bit, as most of the crosses yesterday did well against the greenback, EUR/USD being the most notable Have a great day people
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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.