THE NEW ZEALAND DOLLAR SELL OFF CONTINUED THROUGH TRADE ON FRIDAY AS INVESTORS RESPONDED TO LABOR’S VICTORY IN THE NATIONAL ELECTION, AND WITH THAT RESULT PRICED IN MAYBE INVESTORS BUY INTO ANY DOWNWARD RALLY ADDING FURTHER TO THE DEPRECIATING NEW ZEALAND DOLLAR. I HAVE IDENTIFIED SOME NZD CHARTS THAT COULD POSSIBLY OFFER SOME OPPORTUNITIES FOR NZD BEARS.

AUDNZD H4

MARKET IS BULLISH, 21 ABOVE THE 55. PRICE IS BULLISH. RESISTANCE AT WM3 WHICH COINCIDES WITH MR2. STOCHASTICS IS OVERBOUGHT.

EURNZD H4

MARKET IS BULLISH, 21 ABOVE THE 55. RESISTANCE AT WM3 WHICH COINCIDES WITH MR2. SUPPORT AT WPP. STOCHASTICS IS OVERBOUGHT.

GBPNZD H4

MARKET IS BULLISH, 21 IS ABOVE THE 55. PRICE BROKE TO THE UPSIDE PRINTING A HIGHER HIGH. BULLS WILL LOOK TO ENTER AT SUPPORT AGAIN.

NZDCAD H4

MARKET IS BEARISH, 55 ABOVE THE 21. RESISTANCE IS AT WPP/MS1. BEARS WILL LOOK TO SHORT AT THE ROLE REVERSAL RESISTANCE.

NZDCHF H4

MARKET IS BEARISH, 55 ABOVE THE 21. PRICE IS BEARISH. RESISTANCE IDENTIFIED AT WPP. BEARS WILL LOOK TO SHORT AT ROLE REVERSAL RESISTANCE.

NZDJPY H4

MARKET IS BEARISH, 55 IS ABOVE THE 21. PRICE IS BEARISH. RESISTANCE AT WPP ROLE REVERSAL. BEARS WILL LOOK TO SHORT THIS PAIR AT RESISTANCE.

NZDUSD H4

MARKET IS BEARISH, 55 IS ABOVE THE 21. PRICE IS BEARISH. RESISTANCE IS AT WPP. STOCHASTIC IS OVERSOLD. BEARS WILL LOOK FOR PRICE TO PULL BACK TO RESISTANCE BEFORE CONSIDERING A SHORT POSITION.

EURNZD H4 POST TRADE

GBPNZD H4 POST TRADE

NZDCAD H4 POST TRADE

NZDCHF H4 POST TRADE

NZDJPY H4 POST TRADE

NZDUSD H4 POST TRADE

About The Post

About The Forex Analyst

"Today is victory over yourself of yesterday, tomorrow is victory over lesser men." - Miyamoto Musashi

Pedro
Uploaded by

  • 0
  • 199
  • 0

More from this author

View all posts

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.