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New Zealand Dollar / U.S. Dollar
Short

NZDUSD 1:3 Risk Reward SHORT

By Eren_Jaeger_Trader
Updated
Possible setup here on a technical basis.

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 long
Note
RBNZ statement dovish, likely see a long term down trend in NZD now after the statement. Future scheduled releases likely to be bearish
Note
Various NZD negative news pushing the position further
Note
Trade taken just about 2 months to materialize
Trade closed: target reached
Fundamental AnalysisNZDNZDUSDnzdusdshortsentimentshortSupply and DemandSupport and ResistanceTechnical AnalysisUSD
Eren_Jaeger_Trader

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