Nzdusdanalysis
NZDUSD - TRADE ON SHORT SIDESymbol - NZDUSD
NZDUSD is currently trading at 0.61340
I'm seeing a trading opportunity on sell side.
Shorting NZDUSD pair at CMP 0.61340
I will be adding more if 0.61620 comes & will hold with SL of 0.62000
Targets I'm expecting are 0.60470 - 0.59720
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NZDUSD SELLFOREXCOM:NZDUSD
Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied...
Keep trading
Hustle hard
NZD USD SHORTSept #1
Risk 0.5%
TP1 = 1:2 RR
Disclaimer:
The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A full version of the disclaimer is available in our profile description.
NZDUSD long side analysis by technical and fundamentals.NZD/USD higher after the larger than expected interest rate hike from the RBNZ
Reserve Bank of New Zealand raised its cash rate by 0.5% vs. the 0.25% consensus expectation
says will remain focused on ensuring that current high consumer price inflation does not become embedded into longer-term inflation expectations.
monetary tightening brought forward
remained comfortable with the outlook for the OCR as outlined in their February MPS
moving the OCR to a more neutral stance sooner will reduce the risks of rising inflation expectations.
larger move now also provides more policy flexibility ahead in light of the highly uncertain global economic environment
From the minutes to the meeting, these are released at the same time as the decision:
committee noted that the OCR is stimulatory at its current level
members agreed that this ‘stitch in time’ approach is consistent with near-term financial market pricing
members noted that annual consumer price inflation is expected to peak around 7 percent in the first half of 2022
committee agreed that their policy ‘path of least regret’ is to increase the OCR by more now, rather than later
members noted that inflation is above target and employment is above its maximum sustainable level
the committee confirmed that further increases in the OCR are needed in order to meet their mandate
NZD has been marked higher on the announcement:
NZDUSD Analysis on H4 Chart.Overall, NZD/USD is ranging across. Recently, NZD/USD traded into the resistance zone of 0.68400.
New Zealand banks will be closed today in observance of New Year’s Day.
Also, New Zealand banks will be closed tomorrow in observance of Second New Year’s Day.
Expect lower trading volume and volatility during the usual New Zealand market hours.
Currently, NZD/USD is testing the resistance zone of 0.68400 and its next support zone is at 0.67100.
Look for buying opportunities of NZD/USD if it breaks the resistance zone of 0.68400.