Two Cracks at the Kiwi

Good Evening Dynamic Traders!

Tonight's crack is with the NZD USD pair!

Although not a pet pair of mine, the Kiwi is presenting us with a prominent picture that all Dynamic Traders should now be accustomed to.

This duo had been seasoned towards an earthward stance since February 2008, after which it formed an aggressive rally since March this year.

Below is the daily chart for the same.

Note that the zero horizontal on offer has been tried five times since last year; clearly making this a material moment to guard!

The difference at this sixth attempt is the gratifying presence of the value index, beautifully positioned; patiently awaiting the markets response.

Experience and training has guided the practised trader to trust the trend, unless a coherent confirmation of a change is on display.

With the magnetic pull of the clusters on parade, the century of pips on offer may attract the keen eye of the Dynamic Trader who may wish to pinch a humble share.

Thereafter, a watch list entry is highly recommended, in preparation of a break in either direction!


NZDUSD daily chart Advanced Get

Vigilant Trading!

Saba Jackson