The futures market is pointing towards at least one more month’s delay before the Fed hikes rates and I’m guessing that this will keep the USD capped ahead of the decision date.
AUD/USD and NZD/USD are both looking quite ‘poppy’ to my contrarian eye and I prefer to play both from the long side.
If the Kiwi starts posting some hourly closes above .7335 then I will start to feel a bit more confident whilst I’m hoping the Aussie gets into it’s grinding mode and starts squeezing the shorts.
The post Playing AUD and NZD from the long side intraday appeared first on www.forextell.com.