NZD/USD: Adding to long position

I’ve been trying to pick a bottom in the Kiwi for quite a while now and the technical picture is starting to look more promising. The Fed are looking increasingly unlikely to start raising rates this year and the big long positions in the USD are unlikely to stay patient until the New Year.

I’ve added to my long position near current levels at .6490 and will re-assess if we start seeing hourly closes below .6430.

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