NZDCHF - Bearish Bias

22 Mar 2021

NZD - BEARISH
1️⃣ Investors monitored a sustained surge in long term bond yields locally and abroad. Local 10-year bond yields eased from 22-month highs to 1.761% while the US 10-year rate retraced 14-month highs to 1.679%.
2️⃣ The Westpac-McDermott Miller consumer confidence index edged down 0.8% to 105.2 in the three months to early March, leaving it little changed on its pre-lockdown level a year ago.

CHF - BULLISH
1️⃣ Concerns about a surge in COVID-19 cases and vaccine shortages in Europe boosted the CHF.

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Technical
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We are looking to sell the NZDCHF at resistance + below 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.

22 Mar 2021

Emir iptal

DELETE PENDING ORDER

Low liquidity after European markets close.