NZDUSD December Buy Trade
Following the bearish bias on USD and the expecting of NZD strength in December due to fundamental analysis and bias. We need to look at technical analysis for entries. I need a pullback to support before buying creating plan A and B.
For both plans the hard exit at 0.7260
Fundamental reasons for bearish USD
Biden winning and clear direction for government policy
A possible vaccine to covid
Seasonality
End of the year
Low-interest rate and possible more stimulus packages
For both plans the hard exit at 0.7260
Fundamental reasons for bearish USD
Biden winning and clear direction for government policy
A possible vaccine to covid
Seasonality
End of the year
Low-interest rate and possible more stimulus packages
Trade 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.
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.