The pair I recommend to SELL next week is NZDUSD. Why I say that ?
Last week, we see NZ CPI declined sharply to 1.0% and surprised market. Obviously, NZ economy is fighting to keep its motivation. The Rate Decison on Wednesday is a chance to RBNZ do something to support for NZ.I think they will keep the rate unchanged at 3.5% and repeat once the term " unjustified and unsustanable"
With the come back of USDollar, and dovish stane of RBNZ, it's difficult for Kiwi to maintain the bid. This is time to SELL NZDUSD.
I recommend you SELL NZDUSD through 0.77100 key support level.
Look at on the chart, I draw two trend lines : bearish trend line and bullish trend lines. Price bounced back after testing bearish trend line, and breaking bullish trend line. This is a strong sell signal. Moreover,RSI indicator, RSI bounced back after testing the resistance level at 50 , and Stoch indicator shows sell signal when %K cut %D.
All information from FA to TA support for SELL Kiwi, so why we don't sell NZDUSD ???
detail about USDollar next week: goo.gl/OvWIoM
twitter.com/SforexSolution
www.facebook.com/sforexsingals
Last week, we see NZ CPI declined sharply to 1.0% and surprised market. Obviously, NZ economy is fighting to keep its motivation. The Rate Decison on Wednesday is a chance to RBNZ do something to support for NZ.I think they will keep the rate unchanged at 3.5% and repeat once the term " unjustified and unsustanable"
With the come back of USDollar, and dovish stane of RBNZ, it's difficult for Kiwi to maintain the bid. This is time to SELL NZDUSD.
I recommend you SELL NZDUSD through 0.77100 key support level.
Look at on the chart, I draw two trend lines : bearish trend line and bullish trend lines. Price bounced back after testing bearish trend line, and breaking bullish trend line. This is a strong sell signal. Moreover,RSI indicator, RSI bounced back after testing the resistance level at 50 , and Stoch indicator shows sell signal when %K cut %D.
All information from FA to TA support for SELL Kiwi, so why we don't sell NZDUSD ???
detail about USDollar next week: goo.gl/OvWIoM
twitter.com/SforexSolution
www.facebook.com/sforexsingals
