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Dec 02 - 05:00 AM
NZD/USD - FX Traders Can Bet NZD/USD Short Squeeze Intensifies This Month
First appeared on eFXplus on Dec 02 - 03:05 AM
  • NZD/USD traders have staked a lot of money on pair falling IMM/FX

  • Given very limited liquidity impact NZD/USD bets is larger than it seems

  • Lack of depth exacerbated in Dec, expect a very narrow exit window

  • NZD/USD has broken cleanly over 100-DMA 0.6414 and 21-WMA 0.6415

  • Next targets for current rally @ 0.6496 and 0.6566. 50/61.% Jul-Oct drop

  • A thin weekly Ichimoku cloud @ 0.6692-97 will exert a magnetic pull

NZD/USD daily Click here

NZD/USD weekly chart: Click here

NZD/USD bets: Click here

Refinitiv IFR Research/Market Commentary


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