NZDUSD - Bullish Bias
NZD - BULLISH
1️⃣ The annual inflation rate increased to 1.547% in Q1 last week, as the RBNZ noted that inflation this year is expected to be temporary only and monetary policy stimulus will remain in place.
USD - BEARISH
1️⃣ Investors remain focused on the Fed decision, however, which is widely expected to reiterate that the central bank is not looking to withdraw its unprecedented COVID-19 support anytime soon even as signs of economic recovery from the virus emerge.
=====
Technical
=====
- We are buying the NZDUSD at support on the M15 chart. This is short term trading strategy from Monsun Asia.
- Risk reward ratio is 2:1.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
1️⃣ The annual inflation rate increased to 1.547% in Q1 last week, as the RBNZ noted that inflation this year is expected to be temporary only and monetary policy stimulus will remain in place.
USD - BEARISH
1️⃣ Investors remain focused on the Fed decision, however, which is widely expected to reiterate that the central bank is not looking to withdraw its unprecedented COVID-19 support anytime soon even as signs of economic recovery from the virus emerge.
=====
Technical
=====
- We are buying the NZDUSD at support on the M15 chart. This is short term trading strategy from Monsun Asia.
- Risk reward ratio is 2:1.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Trade active
Trade closed: target reached
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.
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.