🔔🔔🔔NZD/USD news:
👉New Zealand’s economy rebounded more strongly than expected. Real GDP grew by 0.7% quarter-over-quarter in Q4 (consensus: 0.4%, RBNZ forecast: 0.3%) following a -1.1% decline over the previous two quarters. Increased spending by international visitors boosted growth in tourism-related sectors such as rental, hiring, and real estate services, as well as retail and accommodation.
👉However, the Reserve Bank of New Zealand (RBNZ) has signaled an additional 75 basis points of easing over the next 12 months, which will bring the policy rate down to a low of 3.00%. This news has weighed on the NZD/USD pair, leading to underperformance amid risk-averse sentiment in the foreign exchange market.
Personal analysis:
👉NZD/USD will continue to decline due to previous news, consider technical zones for good profit
👉Technically, RSI(1H) is entering the overbought zone and has a technical recovery phase to prepare for the next decline, watch for strong resistance zones to Sell.
👉Analysis based on resistance - support levels and pivot points combined with EMA to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell NZD/USD 0.5775- 0.5780
❌SL: 0.5810 | ✅TP: 0.5735 – 0.5690
FM wishes you a successful trading day 💰💰💰
👉New Zealand’s economy rebounded more strongly than expected. Real GDP grew by 0.7% quarter-over-quarter in Q4 (consensus: 0.4%, RBNZ forecast: 0.3%) following a -1.1% decline over the previous two quarters. Increased spending by international visitors boosted growth in tourism-related sectors such as rental, hiring, and real estate services, as well as retail and accommodation.
👉However, the Reserve Bank of New Zealand (RBNZ) has signaled an additional 75 basis points of easing over the next 12 months, which will bring the policy rate down to a low of 3.00%. This news has weighed on the NZD/USD pair, leading to underperformance amid risk-averse sentiment in the foreign exchange market.
Personal analysis:
👉NZD/USD will continue to decline due to previous news, consider technical zones for good profit
👉Technically, RSI(1H) is entering the overbought zone and has a technical recovery phase to prepare for the next decline, watch for strong resistance zones to Sell.
👉Analysis based on resistance - support levels and pivot points combined with EMA to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell NZD/USD 0.5775- 0.5780
❌SL: 0.5810 | ✅TP: 0.5735 – 0.5690
FM wishes you a successful trading day 💰💰💰
Trade active
price is reacting at EMA89Active
Trade closed: target reached
missed 8 pips to enter the trademissed 40 pips of profit
what a pity
Anyway, the plan is on track
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✅ t.me/+Y9T5_BwC7_JhMWM1
Join now !!!!
Channel: signals - knowledge and FOREX comments
Join now !!!!
Channel: signals - knowledge and FOREX comments
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.