NZD/USD - LONG
Trade update from a previous video I posted on buying NZD/USD.
The fundamentals point towards a move to $0.75 on the exchange rate that offers a move of up to 5% appreciation in the KIWI.
Fundamentals driving the trend.
1.) Lower interest rates in the U.S no longer makes the U.S Dollar an attractive high yielding currency.
2.) $2 Trillion Fiscal stimulus package in 2021 will put further downside weakness on the U.S dollar.
3.) High growth in China is supporting Asian currencies.
The fundamentals point towards a move to $0.75 on the exchange rate that offers a move of up to 5% appreciation in the KIWI.
Fundamentals driving the trend.
1.) Lower interest rates in the U.S no longer makes the U.S Dollar an attractive high yielding currency.
2.) $2 Trillion Fiscal stimulus package in 2021 will put further downside weakness on the U.S dollar.
3.) High growth in China is supporting Asian currencies.
Kayan Kalipha
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