NZD/USD Trade Plans For All Scenarios (Tech/Fund Analysis)
Güncellendi
The NZDUSD alike many other pairs has fallen continually over time, mostly off the back of a stronger USD and some Risk off on geopolitical tensions.
The increased concoction of USD strength is dragging the NZDUSD lower. However, it can only really fall for so long without any kickback. Profits, at some point, have to be taken. It is also likely minor sentiment shifts within these moves will occur, giving way to rebounds.
The earliest noted resistance is such area we may arrive at if sentiment is still sustaining the downside momentum.
If on the other hand, sentiment drastically changes and we see a weaker USD and/or a stronger NZD, we may be taken back to local highs within the sideways movement we have observed over the last year as many economies globally match the US in their easing cycle.
Catalysts for US weakness can come from various factors, but namely FED movements/decisions/rhetoric.
Awaiting further sentiment inflows. Further falls are more than possible so any new longs can be held off.
The increased concoction of USD strength is dragging the NZDUSD lower. However, it can only really fall for so long without any kickback. Profits, at some point, have to be taken. It is also likely minor sentiment shifts within these moves will occur, giving way to rebounds.
The earliest noted resistance is such area we may arrive at if sentiment is still sustaining the downside momentum.
If on the other hand, sentiment drastically changes and we see a weaker USD and/or a stronger NZD, we may be taken back to local highs within the sideways movement we have observed over the last year as many economies globally match the US in their easing cycle.
Catalysts for US weakness can come from various factors, but namely FED movements/decisions/rhetoric.
Awaiting further sentiment inflows. Further falls are more than possible so any new longs can be held off.
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Posts Not financial advice.
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