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NZD/USD squeeze gets boost from soft US econ data, tests Fib & MA

Source: Thomson Reuters NZD/USD 50 Fib of 0.7611-0.7191, 10-DMA & March 13 (0.7400/10) Positioning driven short squeeze gets boost from soft US econ data Daily RSI biased up, won't impede further gains Pair eyes March 12…

By Jay L. Zagorsky
1 min read
NZD/USD squeeze gets boost from soft US econ data, tests Fib & MA
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Source: Thomson Reuters


  • NZD/USD 50 Fib of 0.7611-0.7191, 10-DMA & March 13 (0.7400/10) 

  • Positioning driven short squeeze gets boost from soft US econ data

  • Daily RSI biased up, won't impede further gains

  • Pair eyes March 12 high & 61.8 Fib if >0.7410 the daily cloud base

  • Break above two likely sees stops run & accelerates squeeze, 55-DMA 7 cloud top then eyed 

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