Trading NZD/USD? Consider These Factors In Your Plans..

Currently, Markets are changing from near to long term risk sentiment.

Focusing mainly on the lowering of rates across the board of global economies, the Markets for many correlated pairs have drifted somewhat sideways.

Any sudden change in sentiment (risk wise) often causes a skew in this, as we have seen from some recession fear/risk off sentiment previously.

Due to US strength post jobs/retail sales (slower easing, potentially) we are now seeing a further decline in the NZD/USD.

Any news on external market fears likely will sink the NZD further, at this point Markets are mostly relying on FED sentiment.

I would not be shocked if we get back to the Lower TL within current trajectory. I am out of shorts, and holding off any serious longs until previous lows (based on sentiment at the time).

The weakness we can see at the moment is clear as you have no real momentum coming from Antipodeans. I would only consider new shorts on reasonable pushes to the upside and key local resistance.

Awaiting any major FED sentiment RE rates/easing.