If we break below the 200-day EMA, I suspect many people will want the NZD higher, but a break below the 0.61 level could lead to something much more negative. , NZD/USD advanced during the Thursday trading session, clearing the 200-day EMA. This is clearly a very bullish sign, so for now it looks like NZD still has a way to go. This is exacerbated by the fact that the Reserve Bank of New Zealand recently raised 75 basis points and talked about inflation in its statement. On the other side of the equation are the minutes of the FOMC meeting, where some members of the Federal Reserve Board suggest that it may be time to start slowing rates. Advertisement IS MONEY READY TO WORK FOR YOU? TRADE NOW Whether this will all work out remains to be seen, but right now the New Zealand dollar looks much stronger than many other currencies. If we break below the 200-day EMA, I suspect many people will want the NZD higher, but a break below the 0.61 level could lead to something much more negative. Pay attention to position size At this point I think a lot of it comes down to risk appetite because the New Zealand dollar is „riskier” than the US dollar. Keep an eye on interest rates and net positions as reversals and upsides start to increase again, they could bring this pair down. It’s worth noting that Quincy’s candlestick was pretty strong, so I think a sequel is probably coming. Going forward, the question is whether we can break above the 0.65 level, and if we do, it could lead to something much bigger. We’re actually starting to see a lot of questions about the US dollar around the world, so if we can keep that going, it’ll be interesting to see if that happens. Position size is crucial because we still don’t have a broken structure at that 0.65 level, so I’m paying close attention because if it breaks above that, it could be a big trend change, at least in theory. huge move All things being equal, it will be interesting to see if we can sustain this because frankly, the market still seems to be looking for cheap and easy money.