Hello Traders!
We can see the commercials are net long currently.
Price has already broke the 20 day look back high.
Buy stops have been taken, however, I would like to see price give a nice reaction off a premium PD array.
New Zealand Interest Rate: 3.500 %
FED'S Interest Rate: 4.000 %
There is a interest differential and the FED'S got the greater rate.
We can see the commercials are net long currently.
Price has already broke the 20 day look back high.
Buy stops have been taken, however, I would like to see price give a nice reaction off a premium PD array.
New Zealand Interest Rate: 3.500 %
FED'S Interest Rate: 4.000 %
There is a interest differential and the FED'S got the greater rate.
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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.