NZDUSD - Bullish Bias
NZD - BULLISH
1️⃣ The annual inflation rate increased to 1.547% in Q1 last week, as the RBNZ noted that inflation this year is expected to be temporary only and monetary policy stimulus will remain in place.
USD - BEARISH
1️⃣ Investors remain focused on the Fed decision, however, which is widely expected to reiterate that the central bank is not looking to withdraw its unprecedented COVID-19 support anytime soon even as signs of economic recovery from the virus emerge.
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Technical
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- We are buying the NZDUSD at support on the M15 chart. This is short term trading strategy from Monsun Asia.
- Risk reward ratio is 2:1.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
1️⃣ The annual inflation rate increased to 1.547% in Q1 last week, as the RBNZ noted that inflation this year is expected to be temporary only and monetary policy stimulus will remain in place.
USD - BEARISH
1️⃣ Investors remain focused on the Fed decision, however, which is widely expected to reiterate that the central bank is not looking to withdraw its unprecedented COVID-19 support anytime soon even as signs of economic recovery from the virus emerge.
=====
Technical
=====
- We are buying the NZDUSD at support on the M15 chart. This is short term trading strategy from Monsun Asia.
- Risk reward ratio is 2:1.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Trade attivo
Trade chiuso: obiettivo raggiunto
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.