Long AUD/NZD
Updated
TP at major resistance. possibly extends to 1.1200.
monthly candle strongly in favor of directional bias.
good risk reward
Fundamental cue: Unemployment rate in Nzd is currently 4.8% whilst AUS IS 9.9% , Interest rate is currently higher in Aus , and there is higher probability that RBNZ is going to cut more in January ( Exp 50bps). interest rate differential should kick in.
definitely not a financial advice.
Trade active
Unemployment rate in Nzd is currently 4.8% whilst AUS IS 3.9%*
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.