Dollar New Zealand / Yen JepangPenjualan
NZDJPY swing short position
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[bFundamental analysis: After RBNZ lowering the rate of 50bsp instead of 25bps the governor Orr is planning to lower the % rate even more throughout the year. Trade war is another issue for NZ as is the second target exporter to China after Australia.
Technical analysis: Strong support formation around 67.750 handle which could break very soon with stop loss above the high and profit on 66.000 handle
Comments: Tested the 50 level on RSI we could se a small retracement before the downside move.
fxtradingservices.com
[bFundamental analysis: After RBNZ lowering the rate of 50bsp instead of 25bps the governor Orr is planning to lower the % rate even more throughout the year. Trade war is another issue for NZ as is the second target exporter to China after Australia.
Technical analysis: Strong support formation around 67.750 handle which could break very soon with stop loss above the high and profit on 66.000 handle
Comments: Tested the 50 level on RSI we could se a small retracement before the downside move.
fxtradingservices.com
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