Attention!!! GBPUSD has found solid buying interest at “neckline” support at 1.5197/80 and has surged higher to break above trendline, 50% retracement and falling 55-day average resistance at 1.5345/89.
NZDUSD remains capped below the price and 38.2% retracement barrier at .7450, and a break above here is needed to see strength for .7496 at first, followed by a challenge of trendline and 50% retracement resistance at .7521/33,short at 0.744.
Hi traders,im tryin to short AudUsd Short at 0.795
– The next major levels of support come in around 0.73 including the long-term trendline as well as horizontal support from 2005-2006 and January 2009 – The long-term head and shoulders targets 0.60, which was also the 2008 low
1- While the market continues to price in a nearly 65% probability of a rate hike in NZ in 2015, seen the RBNZ on hold for the rest of the year. With global disinflationary currents at the fore of market concerns and NZ CPI already down to the bottom-end of the target range at 1%y, we see the risk of rate expectations being priced out, especially if inflation later this month prints weaker than expectations.
2- Strong US payrolls data would also result in a spike in US yields, supporting this trade.
3- Keep being short this pair, with a key risk being soft US data which would weaken the USD.
I think we should not enter a trade when the cut loss level is above your affordability. It is safer to pass those trades. So, please remember this two points, Cut Loss & Affordability when you choose to trade.
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