The first dollar rally started on 9-21-2017 on the announcement of further Rate hike, GDP and CPI data. The first rally begin from 91.215 to 94.105 before it retrace 50% before the next rally uptrend continuation.
This is a straight Technical trade. New Zealand fundamentally is strong than Australia at the moment, However to political uncertainty their currency has come under pressure due to the suspension of foreign investment in their real estate market. Please see fundamental number below. GDP GDP YoY GDP QoQ Interest rate Inflation...
Euro/Usd has been in a downtrend his the previous highs in September. After Draghi speach on the Euro saw more weakness due to the fact that they will extend their QE purchase of 30 billions per months until September of 2018. Also, im expecting for the DXY to retrace to the 94 area before we continue to rally on the Dollar. I will start short euro/usd at the 50%...