NZD TREND
First of all, I emphasis that interest rate of NZD (3%)is 12 times as much as USD(0.25%). Non farm payrolls have grown dramatically, but USD index do not rise up. So we are sure that market payrolls figure is not a sensitive matter. CPI is the key to let FED to rise interest rate. FED keep interest rate before CPI rise above 2%. It means non-us dollar currency have time to continue its uptrend.
As is shown in the graph, UZD is in the wave 5 stage. Wave 4 repeated consolidation. Price channel determines range of wave 5. in consideration of daily support 0.8510-0.8530, specify to say, now is in wave (ii) of wave 5. MACD has issued a buy signal. MACD go up gold cross.
As is shown in the graph, UZD is in the wave 5 stage. Wave 4 repeated consolidation. Price channel determines range of wave 5. in consideration of daily support 0.8510-0.8530, specify to say, now is in wave (ii) of wave 5. MACD has issued a buy signal. MACD go up gold cross.
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