Tag - nzd

Trading plan for February 18

The market will be mostly driven by the risk-on sentiment after the positive news on trade negotiations between the US and China. Let’s consider the key levels for AUD/USD and AUD/NZD.

NZD/USD: main trend still bearish

There's a 'Double Top' pattern, which has been confirmed, so the price is likely going to test the nearest support at 0.6543 in the short term...

nzd
AUD/NZD looks vulnerable

AUD/NZD has been forming a series of lower highs since April. This week the pair settled below the 100-day MA at 1.0500.