NZD/USD weekly outlook 10-04-2017 ---- 14-04-2017 (AP)
hey fellas,
1. Technical Analysis
~The New Zealand Dollar may be preparing to re-accelerate downward for a challenge of lows established in early March against its US counterpart.
~Prices appear to have cleared the bottom of their near-term digestion range, paving the way for resumption of the downtrend begun in early February.
~From here, a move below the 0.6890 area opens the door for a test of the 0.6847 zone. ~Alternatively, a reversal above the 0.6995 region exposes 0.7076 & 0.7133 area./
2. Fundamental Analysis
~14-april-2017 (Fiday) 12:30pm(Ist) retail sales & CPI of US.
Note: Everything works with Best money management.
Note: Please leave comments for any query.
Disclaimer: Trade at your own risk.
Good Luck...!!
Regards,
Altaf Palwala
1. Technical Analysis
~The New Zealand Dollar may be preparing to re-accelerate downward for a challenge of lows established in early March against its US counterpart.
~Prices appear to have cleared the bottom of their near-term digestion range, paving the way for resumption of the downtrend begun in early February.
~From here, a move below the 0.6890 area opens the door for a test of the 0.6847 zone. ~Alternatively, a reversal above the 0.6995 region exposes 0.7076 & 0.7133 area./
2. Fundamental Analysis
~14-april-2017 (Fiday) 12:30pm(Ist) retail sales & CPI of US.
Note: Everything works with Best money management.
Note: Please leave comments for any query.
Disclaimer: Trade at your own risk.
Good Luck...!!
Regards,
Altaf Palwala
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