Possible setup here on a technical basis.
Daily trendline
Resistance off the current area of supply
Fundamentals weak for NZD, slgihtly strong for USD
Daily trendline
Resistance off the current area of supply
Fundamentals weak for NZD, slgihtly strong for USD
Note
Fundamentals no longer in favour, i have an opposite conviction now that NZD will longNote
RBNZ statement dovish, likely see a long term down trend in NZD now after the statement. Future scheduled releases likely to be bearishNote
Various NZD negative news pushing the position furtherNote
Trade taken just about 2 months to materializeTrade closed: target reached
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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.
Related publications
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.