looks like that juicy gap just doesn't want to be closed after all. The eurusd dynamics are scuppering that particular forex "rule".
TRADE FOR SWAP
DislikedTechnically speaking, this pair appeared to be headed for a wave 3 in October, then we see two doji like candles on the monthly and continued sideways movement. Many fundamental reports suggest the New Zealand will fall against the US Dollar based on interest rates, among other issues. I am watching this pair closely as well as the AUD/USD and the AUD/NZD and EUR/NZD. Any thoughts?Ignored
DislikedA continued slide of NZD/USD will push EUR/NZD up as these pairs are inversely related to each other based on my observations. But then again, any USD-positive news could easily pull it back down like what happened the past 2 weeks.Ignored