EUR/NZD long Idea

6 Ara 2015

The recent rate decision and PA suggest that NZD rate cut is not priced in. therefore, with the nice support base from 20MA and 50 MA weekly leves shows great upside. on the downside if no rate cut happens this pair is establishing a falling knife and would be a relatively profitable short on the break of the 1.57 level. Either way decision-time is clear for NZD.

9 Ara 2015

Not

NZD rate cut may pull it dowwn but overall the outlook of this pair is Bullish