Wednesday 30 October 2013

NZDCHF Update on the Hourly

Not too much movement, the pair has been confined to a 40 or so pip range since I took the deal, but it seems to have broken the first line of resistance drawn on my chart here (diagonal descending trend-line in red). It is still below the two parallel lines of resistance which I consider a possible sell area slightly above.

Risk event is of course the RBNZ rate decision and the accompanying statement:
http://www.rbnz.govt.nz/monetary_policy/ocr/
Forex.com provides a bit of insight here:
http://www.forex.com/post?SDN=fba3bc39-0af7-423a-9394-561668b47628

No comments:

Post a Comment