RBNZ Rate Hike Hint vs US Cut Outlook: A 330-Pip Opportunity
Updated
From a fundamental perspective, this pair has aggressively recovered upward. This is attributed to the downward trend shift of the dollar and projections for the NZD, which include talks of a potential interest rate hike in the first quarter of the upcoming year. However, the U.S. economy is showing signs of cooling down, leading to projections of rate cuts starting next year. These two economic factors - weakness versus strength - are likely to continue bolstering this pair's strength.
The take profit idea of the set up(330pips) is base on monthly ATR which is 330.
The take profit idea of the set up(330pips) is base on monthly ATR which is 330.
Trade closed: target reached
Wiiso
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