Money Matters
Chart of interest - Kiwi about to explode north?
All
The 1 month range of 0.8300 to 0.8450 has bought the Bollinger Bands in to a ‘trend ready’ state. The bout of USD weakness (my primary, and long held expectation, on U.S. QE activities) has seen the NZD/USD respect the 9 month uptrend (yet again) after breaking over the nearly 2 year trend line resistance back in December.
1) Big picture
NZDUSD – click here to view chart
2) A closer look – Held the 9 month uptrend, Bollinger’s are trend ready.
NZDUSD Closer Look – click here to view chart
Cheers G.




