RBNZ statement last week had a dovish bias, with governor Orr clearly saying he likes a weaker NZ Dollar. Weak PMI data overnight also helped.
Momentum is strongly bullish now, and amongst the various pairs for playing NZD weakness, we like AUDNZD for now. - J.P.
Momentum is strongly bullish now, and amongst the various pairs for playing NZD weakness, we like AUDNZD for now. - J.P.
Join over 42,000 traders and get the Forex Course for Smart Traders - 17 in-depth lessons - always 100% free at MarketMates.
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.
Join over 42,000 traders and get the Forex Course for Smart Traders - 17 in-depth lessons - always 100% free at MarketMates.
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.