ridethepig | NZD Market Commentary 2019.02.12

Here we are using NZD as our tool of choice to dissect the intricate flows of this dollar devaluation into year end. Those following the previous charts will know my mid and long term outlooks on NZD (and AUD) is bullish, here we are tracking flows over the coming sessions and in particular studying the NZ Bank Capital increase announcement.

This is key for NZD and helpful in the immediate term, it will allow us an opportunity to cover some of our longs and pin some shorts in the ideal value zones. We are approaching the key first target in my map:

https://www.tradingview.com/chart/NZDUSD/vw03AEHb-ridethepig-NZD-2020-Macro-Map/

Remember this is a short-term chart, the strategy for 2020 and macro plans have not changed and the dollar devaluation theme is picking up a lot of interest in macro flows, I will be very happy with 0.652x as an area to do business.

https://www.tradingview.com/chart/NZDUSD/w4wPZx2s-RBNZ-25bp-Rate-Cut-Coming/

Thanks for keeping the support coming with likes and comments, and as usual jump into the conversation with your ideas and charts!!

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