We are pretty much on top of this pair since the consolidation started. Be careful not to buy to soon. I like to see another leg lower before the major reversal. For previous post and context see link below.
updates will follow
www.timstuyts.com
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www.youtube.com/watch?v=HvmWTm4f...
updates will follow
www.timstuyts.com
www.facebook.com/timstuyts
www.youtube.com/watch?v=HvmWTm4f...
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Guy's keep an eye on this pair, it has exactly done as we analyzed for months. I posted why we had to wait over and over again and we finally see a first attempt to continue higher.
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We saw a sharp reversal overnight which stopped out my pending buy at break-even. However this will provide an even better buy opportunity once this last bearish impulse settles. Only a break below 1.0019 will invalidate the long term buy set-up. Fundamentally I expect that the NZD will weaken soon and consider the recent news as noise for now. The technical's suggest the same. We just have to be patient for now. Updates will follow!
