Short-Term: SELL
Long-Term: Strong BUY
An interesting turn
of events unfolded in the New Zealand Dollar and the US Dollar this week. What
we may be seeing is a possible break of the ascending triangle we have been
observing from October.
Short
term it is quite possible for the rate to bounce back from the 0.68716 support
line (which I am taking advantage of), but the momentum is following a classic
formation and decreasing therefore we are expecting a strong break.
Will keep an eye,thanks.
ReplyDeleteThat's good to know, thank you!
ReplyDeleteVery helpful analysis, I will keep it in mind.
ReplyDeleteGreat assessment, thanks.
ReplyDeleteThanks for the tips.
ReplyDeleteValuable information! Thanks.
ReplyDeleteThanks for the relevant information.
ReplyDelete