ridethepig | NZD Market Commentary 2019.12.18

Here we go for an active NY session ahead of an important set of macro numbers for NZ this evening. I am tracking one further leg to the downside in Dollar to end the year at 96:

https://www.tradingview.com/chart/DXY/DcqSCstx-ridethepig-DXY-Market-Commentary-2019-12-18/

This is a very powerful USD devaluation flow we are trading here and markets have been short NZD for most of the year; with these two things in mind I am expecting a squeeze into 0.66xx handle again with good or bad data this evening. We should also have a helping hand from AUD positive employment data to put the icing on the cake.

For those wanting more clarity on the macro forces in play here are the long-term DXY and NZD charts:

https://www.tradingview.com/chart/DXY/APZDYwNR-Dollar-Focus/

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

As usual thanks for keeping the support coming with likes, comments, questions and etc! Feel free to jump into the conversations in the comments with your views/charts.