NZDUSD is close to POC zone

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 9, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    The NZD value usually falls during risk off sentiment and NZDUSD is linked to equities markets during Asia session too. During risk off, Japanese and US bonds go up and NZD goes down. This could also be a retracement as US and Asia sessions are frequently negatively correlated due to recent JPY strength which is not favored by BOJ. Technically NZDUSD is close to POC and 1.6550-30 could reject the price towards 1.6622, 1.6250 and 1.6720. We have IRREGULAR BULLISH FLAG which also suggests a

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