NZD - BULLISH 1️⃣ The improving market sentiment is helping the kiwi find demand.
USD - BEARISH 1️⃣ Renewed bets the Federal Reserve will not tight monetary policy anytime soon. Recent comments from several Fed officials helped to calm investors' worries over a jump in inflation and the need to pull back support.
===== Technical =====
We are looking to buy the NZDUSD at RBS + above SMA50 on the H1 chart.
===== Risk to this trade =====
Any change in sentiment could turn the pair's direction.
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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.