NZDCHF - Bearish Bias

Mar 17, 2021

NZD - BEARISH
1️⃣ Investors moved into the Greenback ahead of US Federal Reserve's policy meeting amid speculation that it could start rate hikes earlier or let bond yields rise further.
2️⃣ The Global Dairy Trade Index eased 3.8% - the first fall in four months compared to a 15% rise at the last auction.
3️⃣ Risk-off tone pressured the NZD.

CHF - BULLISH
1️⃣ Slow vaccination in Europe could trigger the safe-haven flows.

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Technical
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We are looking to sell the NZDCHF at resistance + below SMA 50 on the H1 chart.

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Risk to this trade
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Any change in sentiment could turn the pair's direction.

Mar 17, 2021

Order cancelled

DELETE PENDING ORDER

Low liquidity after European markets close.