Week ahead – NZDUSD, AUDCHF

As the year is approaching its and so as money managers are squaring some of their positions so one should not be surprised that days might be choppy. I am taking this upcoming week as the last proper trading week of this year. I would love to go into a greater details but this time I have decided I am just gonna leave my trades without comments. Here are some winners and losers:

In terms of long term views I kinda like NZDUSD. I like the 7650 level and the area +/- 25pips around. From the longer term point of view NZDUSD is still in a bearish mode and that’s the direction which I would like to evaluate around 7650. AUDCHF 9300 level and GBPNZD 2.0500 (which is in a nice channel) are also levels I am going to follow.