Bullish NZD/USD Potential Set-up
What to expect from NZDUSD? The tone is neutral on the day patiently waiting on a move to either side. My technical bias is to the up side if the certain conditions are met.
1. Price consolidate around the resistance turn support
2. RSI holds above the 50-line
3. Stochastic makes a bullish cross
Risk events:
Tuesday-
17:45 NZD Trade Balance (YoY) (Mar) -3,320M
17:45 NZD Trade Balance (MoM) (Mar) 405M 339M
Wednesday-
13:00 USD FOMC Statement
13:00 USD Fed Interest Rate Decision 0.50% 0.50%
16:00 NZD Interest Rate Decision 2.25% 2.25%
16:00 NZD RBNZ Monetary Policy Statement
16:00 NZD RBNZ Rate Statement
Weekly Analysis:
1. Price consolidate around the resistance turn support
2. RSI holds above the 50-line
3. Stochastic makes a bullish cross
Risk events:
Tuesday-
17:45 NZD Trade Balance (YoY) (Mar) -3,320M
17:45 NZD Trade Balance (MoM) (Mar) 405M 339M
Wednesday-
13:00 USD FOMC Statement
13:00 USD Fed Interest Rate Decision 0.50% 0.50%
16:00 NZD Interest Rate Decision 2.25% 2.25%
16:00 NZD RBNZ Monetary Policy Statement
16:00 NZD RBNZ Rate Statement
Weekly Analysis:
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