NZDUSD Update, Short Term Price to Bounce Higher

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 19, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    NZDUSD, 4 Hour The macro backdrop for the Kiwi (NZD) remains bearish with recent data showing weak credit card retail sales in New Zealand, along with the risk off global sentiment that kicked off the start of the year, the currency has been kept under pressure. My strategy for the short term is that the NZD may attempt a short term price move higher since the NZDUSD price bounced higher at the 76.4% Fibo retracement level. This price bounce higher leaves me with the view that global risk

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