Lower inflation in New Zealand on last tuesday does means that the currency is up for more easing. The currency should depreciate with possibility of further easing. 0.8230 is the 50% fibo level and has been good resistance yesterday at that level. This week the currency has been under pressure so far.
I have put a stop loss at 0.8235. Just above yesterday's high and the 50% fibo level.
Gd luck :)
No comments:
Post a Comment