NZDUSD - CURRENT SITUATION AND TECHNICAL BIAS

- There are several special indicators that affect NZDUSD today. Among them, US RETAIL SALES, CORE RETAIL SALES, UNEMPLOYMENT CLAIMS, PRELIM UOM CONSUMER SENTIMENT, DATA are very special today. NZDUSD VOLATILE Beware of other INDICATORS.

- NZD FEATURE is currently down a bit. The main reason for this is that COMMODITIES are DOWN and EQUITIES are DOWN. The NZD FEATURE stands at 0.6815 LEVEL. DXY is currently UP. According to the MARKET SENTIMENT and USD is slightly STRONG. Prices are below NZDUSD DYNAMIC LEVELS.

- Currently the SENTIMENT of the OVERALL MARKET is being POSITIVE. Until yesterday the MARKET RISK was OFF. STOCKS DOWN DOWN until yesterday. Also, the EQUITIES are turning somewhat GREEN but the VOLATILITY is going down. Also COMMODITIES still shows a DOWN SIDE BIAS. Currently there is only one OVERALL UP SIDE BIAS in the market. We can not say for sure whether the MARKET SENTIMENT is UP or DOWN. But according to the data we have received so far we can say that MARKETS RISK is turning ON.

- NZDUSD PRICE can return to 0.6730 LEVEL and then REJECT from that LEVEL. NZDUSD SHORT TERM may be further BUY if COMMODITIES PRICES UP UP, VOLATILITY DOWN.

- NZDUSD PRICE can go to 0.6730 LEVEL before UP. Then you can UP to LEVEL 0.6926. Buying NZDUSD is a bit risky if VIX is UP.