NZDUSD has consistently traded lower in recent weeks and now trades below resistance from the trendline originating on December 4th. The head and shoulders pattern sent the pair lower and after a strong Friday performance, the Kiwi looks poised to test the trendline next week. A failed test would serve as strong confirmation for a sustained move lower and continuation of the recent trend. Another price point to watch in the week ahead includes ...
Article summary: Widening divergences in interest rate forecasts and the reality that volatility cannot continue to tread levels this low for much longer has traders on edge and looking for opportunity. US Dollar Will Settle for Euro As Recovery Driver in Absence of Volatility The most effective means for leveraging a significant rally from the US Dollar is for a shock to resonate through the global financial system. Yet, hoping for volatility is just that – hope. ...