NZDUSDv

It did break out above 0.6970 and I think it will rally above 0.7000 too.

It pulled back from 0.7023, I think it may depreciate back to 0.6940.

It's testing the support at 0.7015, I think next target will be at 0.6960.

The pair broke out above 0.7050 but also quickly pulled back from 0.7060, it's still very undecided.

AUD/USD looks like a sell, so perhaps the same for NZD/USD?

Elliottwave Analysis: AUDUSD, long at spot

AUDUSD traded above H4 upper bands.

Daily Ichimoku Tenkan-sen is above Kijun-sen.

Although long term trend still point down, I suspect this is an early stage of a base formation.

Further upside toward 0.7768/0.7801 could not be ruled out.

If so, this week should not close below 0.7522.

AUDUSD Trade Idea：(Spot 0.7625 in Asia market)

Buy @ market SL @ 0.7470 Take Profit @ 0.7711

Elliottwave Analysis: NZDUSD, Long at spot

NZDUSD closed above 0.7015.

Price also hold well above upper bands on both H1 and H4 timeframe.

Further upside toward 0.7076/0.7121 could not be ruled out.

If so, this week should not close below 0.6938.

NZDUSD Trade Idea: (spot 0.7027 in Asia market)

Buy @ market SL @ 0.6930 Take Profit @ 0.7123

nzd usd up
aud usd ->

bdelam posted:
nzd usd up
aud usd ->

Why do you think NZD/USD will move north?

bdelam posted:
nzd usd up
aud usd ->

I'm curious to know too. Thanks.

In my opinion it is consolidating for the moment. A move north is possible, but time will tell whether it will happen.

Let's see whether there will be a breakout above 0.7040 in the new trading week.

dianajs posted:
In my opinion it is consolidating for the moment. A move north is possible, but time will tell whether it will happen.

Thanks for sharing.

The pair remains undecided. I think it may rally to 0.7050 as part of it soon.

d historic meeting in singapore strengthened USD... it passed ur expectations @dianajs ... buying time?

bdelam posted:
d historic meeting in singapore strengthened USD... it passed ur expectations @dianajs ... buying time?

I think I'll buy once it overcomes the resistance at 0.7060.

The pair has almost reached 0.7060, let's see whether there will be a breakout this time.

@dianajs by that time u will b late 4 d party!

bdelam posted:
@dianajs by that time u will b late 4 d party!

Considering how undecided it still is I don't think that will be an issue.