kiwi/$ shorts pending after current longstraders, i hope you are all ready for this week of firework - i will be continuing to look at carry trades as we expect some reallocation to the kiwi as investors re-consider the RNBZ outlook. Moreover while futures point toward further upside in this weeks milk auction
as many of you have seen my related idea which will be the long up til .75x levels (see attached) - all eyes on the fed this week!
best of luck and remember to like and comment your ideas they keep my humbled!
Nzdusdbuy
Bullish NZD/USD Potential Set-upWhat 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: