NZDUSD: Downtrend's done

已更新
October marks month 6 of a very strong downtrend in the Kiwi.
We have many technicals, as well as interesting fundamentals suggesting dollar weakness for the rest of 2015, perhaps extending into June 2016. This fits in with the probability of retesting the mode in the coming 6 months this chart presents.
Currently, we have a weekly uptrend target on chart, and a nice range expansion week, so we can look to go long on retracements, shall we get a chance next week.
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Regards,

Ivan Labrie
Time at Mode FX
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Placed pending orders to go long.
订单已取消
Cancelled pendings for now.
Idea still valid, but need the daily to top and retrace first.
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Remarkably strong rally, it's interesting that the NZD50 index is also rallying with it. Capital flowing to New Zealand boosting its currency? Discuss...
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Headed for the first weekly target. I'm long NZDJPY for now, and have a pending buy in AUDUSD.
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$collective24xGoldkiwiNZDUSDrgmovtimeatmodeXAUUSD

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