NZDUSD, buyers building for a break higher?
Welcome to Thursday’s update. Focus today is on the NZDUSD. The price failed to launch our consolidation after yesterday’s FOMC, but the pattern remains, and we continue to wonder if secondary momentum will see buyers confirm a breakout.
Early this morning, the FED increased rates to 2.50%. The statement seemed to reassure buyers and set off a sharp risk rally that covered most markets and sent the USD lower. Powell said they didn’t see the economy in a recession, and action showed that the FED is committed to fighting the current inflation issue. The Fed also advised that a time will come when rates rise slowly to assess their impact. This could have been seen as a hint that an end to the cycle could be nearing.
Regardless, we can’t take away from what happened this morning, and that was that risk markets liked what they heard and acted accordingly—strong upswings were seen across stock indexes, forex pairs, gold, oil and cryptocurrencies.
The NZDUSD rallied after the FOMC but remained capped at 0.6260 resistance. Today we’re seeing buyers test that level with a move outside, starting to push at a breakout. Yesterday’s candle was a failed break lower and, after holding, reconfirmed the new uptrend line. We have also seen a break of two down trendlines.
The OBV is also quite interesting at the moment. We haven’t seen a true breakout by price, but we are seeing a consolidation break on the OBV. Could this be a lead in volume increasing before price moves higher?
We will continue to watch price to see if buyers can take the next step.
NZDUSD D1 Chart 
* ຂໍ້ມູນທີ່ສະຫນອງໃຫ້ຢູ່ໃນຫນ້ານີ້ສະແດງຄວາມຄິດເຫັນຂອງຜູ້ຂຽນແລະບໍ່ຈໍາເປັນຕ້ອງສະທ້ອນຄວາມຄິດເຫັນຂອງ Eightcap ແລະບໍ່ໄດ້ຮັບການຮັບຮອງໂດຍ Eightcap.
ບຸກຄົນໃດໆທີ່ສະແດງຂໍ້ມູນທີ່ນໍາສະເຫນີຢູ່ໃນຫນ້ານີ້ເຮັດພຽງແຕ່ຢູ່ໃນຄວາມສ່ຽງຂອງຕົນເອງ. ບໍ່ມີຕົວແທນ ຫຼືການຮັບປະກັນ. ໂດຍບໍ່ຄໍານຶງເຖິງຄວາມຖືກຕ້ອງຫຼືຄົບຖ້ວນຂອງຂໍ້ມູນນີ້, ການຄົ້ນຄວ້າໃດໆທີ່ດໍາເນີນບໍ່ໄດ້ຄໍານຶງເຖິງຈຸດປະສົງການລົງທຶນສະເພາະ. ສະຖານະການທາງດ້ານການເງິນ ແລະຄວາມຕ້ອງການຂອງບຸກຄົນຜູ້ທີ່ອາດຈະໄດ້ຮັບຂໍ້ມູນດັ່ງກ່າວ.
ການຊື້ຂາຍ margin ມີຄວາມສ່ຽງສູງແລະອາດຈະບໍ່ເຫມາະສົມສໍາລັບນັກລົງທຶນທັງຫມົດ. ທ່ານຄວນພິຈາລະນາຈຸດປະສົງ. ທ່ານຄວນພິຈາລະນາສະຖານະການທາງດ້ານການເງິນ, ຄວາມຕ້ອງການແລະລະດັບປະສົບການຂອງທ່ານຢ່າງລະມັດລະວັງກ່ອນທີ່ຈະເຂົ້າໄປໃນການເຮັດທຸລະກໍາຂອບກັບ Eightcap ແລະຂໍຄໍາແນະນໍາຈາກທີ່ປຶກສາອິດສະຫຼະຖ້າຈໍາເປັນ.