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NZDUSD in a precarious place.

Ucef Posted 31 Aug. as Analysis on NZD/USD, Target: 0.7532, Date: 1st of October, 12:00 GMT  in #Technical analysis #Support #Resistance #Technical #Index #Fed #NZD/USD
The U.S. Dollar index (DXY) is in a precarious place ahead of the highly anticipated non-farms payroll print tomorrow.
Technically, the DXY is budding up against descending trend resistance created when the greenback was able to carve out a multi-year high of 100.39 in March. After a series of lower-lows and lower-highs, traders have been able to create a slight comeback on the ongoing rhetoric of a few Fed presidents.
Supportive comments from Dennis Lockhart (Fed-Atlanta) and James Bullard (F…
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GBPUSD at an interesting level !

Ucef Posted 31 Aug. as Analysis on GBP/USD, Target: 1.9500, Date: 1st of October, 12:00 GMT  in #Technical analysis #GBP/USD #Support #Technical #Retracement #Retest
GBPUSD is at an interesting level as we’re currently at the top end of what to me is a major level of support. If you look at the ebbs and flows on the daily chart (above) you’ll see that we’re approaching the previous outside return (retracement) and a violation of this level would cause a rotation in trend. For that reason I expect the bulls to be on the defensive fighting hard not to give up that area.
Technically this is an at market buy right now as we’ve double bottomed at the zone, due t…
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