Press Kiwi Further As Inflation Cools
Fundamentals & Sentiment
NZD:
- Data: CPI along with prior recent data are dovish
- RBNZ: "there's a scope for further cuts..."
USD:
- Fed: Cautious approach to cuts
- Data: mixed
- Bullish CFTC
Technical & Other
- Sell limit
NZD:
- Data: CPI along with prior recent data are dovish
- RBNZ: "there's a scope for further cuts..."
USD:
- Fed: Cautious approach to cuts
- Data: mixed
- Bullish CFTC
Technical & Other
- Sell limit
- Setup: TC(B)
- Setup timeframe: 4h
- Trigger: 1h
- Medium-term: Down
- Long-term: Range
- Min target: Next support
- Stop loss: 0.33%
- Position size: 0.5R
Trade closed manually
Closed at the breakeven - looks like the news failure; after cool NZ CPI and today's good US data the pair hasn't managed to drop further.
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