NZDUSD - Bearish Bias

7 Eki 2021

NZD - Weak Bearish
1️⃣ The expectation of an interest rate hike is already expected. Not surprising the market.

USD - Strong Bullish
1️⃣ The dollar strengthened amid concerns over slower growth and continued high inflation.
2️⃣ The Fed also hinted that an interest rate hike will be achieved sooner than previously expected.
3️⃣ The US ISM Services PMI was published higher in September.
4️⃣ Private businesses in the US hired 568 thousand workers in September of 2021, the most in three months.
5️⃣ Markets expect that the economy in the United States will add as many as 460K jobs in September, enough to force the Fed to start tapering before the end of the year.

=====
Technical
=====

We are selling the NZDUSD after it bounced back at the SBR level.

=====
Risk to this trade
=====

Any change in sentiment could turn the pair's direction.

Don't forget to like, comment, and subscribe for more ideas.

7 Eki 2021

İşlem aktif

11 Eki 2021

İşlem elle kapatılmış

❌ Close Manually at 0.69500

-30 PIPS

High-beta NZD soared amid positive risk sentiment.