New Zealand central bank has no schedule for interest rate cut in the near future . US Federal reserve chairman Yellen reiterate again on last Friday the Fed rate hike likely appropriate in coming months . further drive North Yen pairs.

Looking at Daily there is no Lower Low since 6 May ,2016 after a break up of 75.0 area then pull back is a buying opportunity for the bull to long . Target of monthly R2 77.0 area and stop below May 6 low of 72.50 area
My plan is keep the trade as long as it is above break even point with no target . and log in small 30 pips weekly once it is more than 150 pips positive. Happy and safe trading
About The Post
About The Forex Analyst
Daniel is full time technical analyst for forex.today base in Singapore. He is specialize in Asian Mayor currency JPY , Aud and NZD.
- 0
- 449
- 0