NG1! still bearish, but the slowing pace of down moves shows the price may enter a consolidation state. Has a lot of upside space that is constrained by fundamentals (weather included). An upside breakout from the potential forming wedge, will trigger buyers' attention.
EURNZD seems very correlated with SP500, wich makes me thinking that if the 4300 level is the bottom for stocks, we may see a reversal in EURNZD, especially given that RBNZ is more hawkish than ECB.
A gorgeous rejection of 61.8 retracement, waiting for follow-through.
Although Euro is one of the weakest currency, it shows some nice activity around 130. I'm keeping a close eye on it.
Option 1 : Wait for pullback to 61,8 Fibo; Option 2: Sell the breakout.
I'm building a 'portfolio' position by shorting AUD across multiple crosses. This is one of them.