After the favorable interest rate for the NZD, the currency pair had a very strong up-movement, testing, once again, a strong long-term resistance.
NZD has been weak for months, with speculators joining and waiting for the interest rate to go down, as announced by the Reserve Bank of New Zealand. Everyone, including me, was expecting a rate at 0.75%, while the data surprised the investors, remaining at 1.00%.
This might give new strength to the NZD and may finally break this long term resistance on NZDCAD, with the price going towards a new high.
Risk to reward ratio is promising, technical and fundamental analysis are on our side, let's place a stop entry order to wait for the breakout.
NZD has been weak for months, with speculators joining and waiting for the interest rate to go down, as announced by the Reserve Bank of New Zealand. Everyone, including me, was expecting a rate at 0.75%, while the data surprised the investors, remaining at 1.00%.
This might give new strength to the NZD and may finally break this long term resistance on NZDCAD, with the price going towards a new high.
Risk to reward ratio is promising, technical and fundamental analysis are on our side, let's place a stop entry order to wait for the breakout.
Emir iptal
Price didn't hit our stop entry order, so the trade is cancelled :)
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Find out more at itstradingtime.com/
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.