NZDJPY was pushed through our target on the dovish RBNZ meeting.
Downtrend remains intact as highlighted by the 55 SMA slope and key level breach.
Positions have likely been squared after the widely expected RBNZ decision.
Pullback area is now the main focus but be cautious, we likely need worse data
to spur further shorts.
Downtrend remains intact as highlighted by the 55 SMA slope and key level breach.
Positions have likely been squared after the widely expected RBNZ decision.
Pullback area is now the main focus but be cautious, we likely need worse data
to spur further shorts.
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Join over 42,000 traders and get the Forex Course for Smart Traders - 17 in-depth lessons - always 100% free at MarketMates.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.