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Nzdusdshort

NZD/USD Technical Analysis.Currently, NZD/USD is trading at 0.7165. The price is moving in up trend by making higher high and lower low pettern. The pair may start a new down trend if it breaks the support level at 0.7140, likely It is possible that the pair may rebound back after touching support level to continue its up trend. If the pair starts a new down trend after breaking the support level, then its first target price will be at 0.7075 and second target price will be at 0.7003. Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Short
by rishililawat5
NZDUSD - Bearish BiasNZD - Weak Bearish 1️⃣ The expectation of an interest rate hike is already expected. Not surprising the market. USD - Strong Bullish 1️⃣ The dollar strengthened amid concerns over slower growth and continued high inflation. 2️⃣ The Fed also hinted that an interest rate hike will be achieved sooner than previously expected. 3️⃣ The US ISM Services PMI was published higher in September. 4️⃣ Private businesses in the US hired 568 thousand workers in September of 2021, the most in three months. 5️⃣ Markets expect that the economy in the United States will add as many as 460K jobs in September, enough to force the Fed to start tapering before the end of the year. ===== Technical ===== We are selling the NZDUSD after it bounced back at the SBR level. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction. Don't forget to like, comment, and subscribe for more ideas.
Short
by MonsunAsia