NZDCHF - Bullish Bias

30 Mar 2021

NZD - BULLISH
1️⃣ Risk sentiment was boosted amid expectations of immense spending from the US government later this week and continued low rates from the Federal Reserve.
2️⃣ Local 10-year bond yields pushed higher to 1.77%.

CHF - BEARISH
1️⃣ Expectations of a huge US economic rebound and high Treasury yields while the outlook in Europe remains more vulnerable due to rising Covid-19 cases.
2️⃣ Risk-on tone weighing on the safe-haven CHF.

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Technical
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We are looking to buy the NZDCHF at RBS + above 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.

30 Mar 2021

İşlem aktif

PENDING ORDER TRIGGERED

31 Mar 2021

İşlem elle kapatılmış

✅Close Manually At 0.65880

+8 PIPS

Closed due to chance of profit-taking session on quarterly-end.