depending on witch line it breaks, it will go up or down.
have no idea about these country's policies, but i guess that japan needs to sell off the yen to have competitive prices on their electronics and industrial products.
on the other side NZ is an economy based on agriculture and tourism, they kind of want a strong dollar. but no idea, since from a tecnical point of view it looks kind of bearish.. even if there is a possible golden cross (to confirm yet)
i will wait and evaluate in a few candles if it can be a good trade.
how ever there is a 3rd option is that it may rebound in the wedge..who knows
some suggestions?? comment please
have no idea about these country's policies, but i guess that japan needs to sell off the yen to have competitive prices on their electronics and industrial products.
on the other side NZ is an economy based on agriculture and tourism, they kind of want a strong dollar. but no idea, since from a tecnical point of view it looks kind of bearish.. even if there is a possible golden cross (to confirm yet)
i will wait and evaluate in a few candles if it can be a good trade.
how ever there is a 3rd option is that it may rebound in the wedge..who knows
some suggestions?? comment please