NZDCHF: China Temporary Bottom and New Zealand
Fundamentals:
New Zealand and China: How China Will Influence New Zealand's Currency
Pessimism regarding China's economy has reached its highest point for the past year.
According to the Wall Street Journal, FDI in China grew in the smallest record since 2004 (two decades): wsj.com/finance/china-reports-smallest-foreign-investment-increase-in-over-two-decades-b5cdc103
I believe that there will be a temporary recovery this quarter and the second quarter.
This will affect Australia and New Zealand's economy in a positive way.
Technicals:
Monthly Extremes
Monthly Engulfing candle
RSI extreme
Daily Stage 3 buying pattern
broken trend line
New Zealand and China: How China Will Influence New Zealand's Currency
Pessimism regarding China's economy has reached its highest point for the past year.
According to the Wall Street Journal, FDI in China grew in the smallest record since 2004 (two decades): wsj.com/finance/china-reports-smallest-foreign-investment-increase-in-over-two-decades-b5cdc103
I believe that there will be a temporary recovery this quarter and the second quarter.
This will affect Australia and New Zealand's economy in a positive way.
Technicals:
Monthly Extremes
Monthly Engulfing candle
RSI extreme
Daily Stage 3 buying pattern
broken trend line
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