Forex Marketz Daily Forex News – Fully Markets Update
AUD/NZD — 1.1166
The New Zealand dollar is affectionately known as the KIWI — After the fruit, (or the bird?). We all love that fruit! Delicious and nutritious! See here to understand the amazing properties. Do you also know that the fifty dollar note in Australia is also a fruit? The pineapple! Amazing — see here for the proof! Fruits are not just for eating — they are for investing also! Take a look at this chart:
The weekly chart shows a likely trend to recover ground — pineapples (AUD) versus kiwis (NZD). Current trading at around 1.116 we see the upper limits at 1.15 and the lower limits at 1.06. That would like be the midterm movement as per the historicals. Now look at the mnute chart:
Notice on the minute chart that the Auzzies aren’t always the bullish player right now. Kiwis are in for short fights! Look for the change on/off from bearish to bullish. You can turn potential profits — look at the action from 10:12 — 10.30. Investors are encouraged to play your fruits — either choice — and you can turn profits.
On the minute chart we see support at 1.115 and resistance at 1.117.
Investors are welcome to send their successful stories or communicate with me at [email protected].
