NZDUSD

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Is the Kiwi finally oversold?

Is the Kiwi finally oversold?

Since my great escape thanks to my early warning exit system, the Kiwi dollar kept on plunging to roughly another 180 pips. I still believe that the NZDUSD is oversold and latest price action indicates that a support is found. I have buy limits for the NZDUSD at 0.6552 and 0.6578. As for the targets,…

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Kiwi dollar over sold

Kiwi dollar over sold

The NZDUSD has not retraced much. A continuous bearish trend which started at the end of April this year saw the kiwi dollar shedding off 1064 pips from its high. If the RBNZ continues to cut rates like its counterpart RBA, I would expect the NZDUSD to drop even more. Personally I think the NZDUSD…

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Trades so far this week…

Trades so far this week…

GBPUSD While waiting for long term trades to setup, I usually put on my short term hat to look for opportunities. This week, I spotted opportunities with the GBPUSD and traded it twice. Monday 1st June, I spotted an opportunity to buy GBPUSD once price traded support area of 1.5208 and could not break strongly…

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Commodity currency and Commodity rules…..

AUDUSD The commodity currency traded well last week. The Australian dollar has surprisingly been resilient in the face of geopolitical risks. News coming out from China were not so positive where property prices in China showed a decline. This should be negative for Aussie, however the currency found support in Australian Treasurer Joe Hockey’s comment…

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