Flows and Orders

NZD/USD: .8360 the level to watch

The NZD is such a small currency that it’s vital to know exactly what is going on at all times (which is why I’ve stopped trading it). Those ‘in the know’ tell me that 0.8360 is looming now as an extremely pivotal level. A break below there and we are likely to see much more liquidation of long Kiwi positions.

  1. Hi Sean,

    Whats your take on NZD now with all the positive data releases?

    Am also a bit curious abt the GBPUSD squeeze we are currently in atm……..i have a bullish bias on the pair bt the resistance of 1.5590 is keeping me from jumping in.

  2. Hi Matthew, have a look at GBP/NZD, looks like it could be in for a massive reversal move? I think cable will chop sideways 154/157 and NZD/USD turns lower overall

  3. Thanks Sean

    Must admit i have never had a look at the pair but will def have it on my watch list. I just noticed the huge pinbar on the daily NZDUSD chart touching the 61.8% fibbo of the 0.81-0.86 move.

    Range trading and stop loss hunting seems to be the norm these days 🙁

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