The US session is here, and USD is still quite strong despite some pop up on gold and silver. We are still focused on S&P Futures count, where the move from a top is only in three waves with key support/bounce zone comes in at 1345/50 area.
Expect a impulse higher here, which will be a catalyst for higher majors, particularly commodity currencies which should wake up very soon.
From a trading perspective, we are keep an eye on Nzd/Usd triangle for possible long, in-line with the S&P Futures expectations.
Do you want more analysis? Then, please join us on http://www.ew-forecast.com or follow us on twitter
The New Zealand dollar is influenced from commodity prices around the world and especially of agricultural goods (such as milk) in South East Asia. In addition, it is a “risk currency” – bad news from Greece hurt it and good news strengthen it against the US dollar.
Share
