NZDUSD - CURRENT SITUATION AND TECHNICAL BIAS
#NZDUSD
- NZDUSD has been going down very fast in recent days. The reason for that is because of the VIX UP and some strength in the dollar. Due to MARKET RISK OFF in the previous few days, COMMODITIES also fell down very fast. Because of that, every NZD BASED CURRENCY PAIR was SOLD. But yesterday, AUD, NZD, CAD, CURRENCIES were in DEMAND due to MARKET RISK ON again.
- Thus, COMMODITIES are becoming somewhat BUY. It also affects the NZD very strongly.
- Anyway, NZDUSD can continue to BUY until the 0.6266 LEVEL. And after that, if the MARKETS RISK OFF, you can definitely SELL until the NZDUSD 0.5999 LEVEL.
Keep an eye on STOCKS, COMMODITIES, VIX, DXY, MARKET SENTIMENT. Then we can get very good ENTRIES.
- NZDUSD has been going down very fast in recent days. The reason for that is because of the VIX UP and some strength in the dollar. Due to MARKET RISK OFF in the previous few days, COMMODITIES also fell down very fast. Because of that, every NZD BASED CURRENCY PAIR was SOLD. But yesterday, AUD, NZD, CAD, CURRENCIES were in DEMAND due to MARKET RISK ON again.
- Thus, COMMODITIES are becoming somewhat BUY. It also affects the NZD very strongly.
- Anyway, NZDUSD can continue to BUY until the 0.6266 LEVEL. And after that, if the MARKETS RISK OFF, you can definitely SELL until the NZDUSD 0.5999 LEVEL.
Keep an eye on STOCKS, COMMODITIES, VIX, DXY, MARKET SENTIMENT. Then we can get very good ENTRIES.