Press Kiwi Further As Inflation Cools

16 Eki 2024

Fundamentals & Sentiment

NZD:
- Data: CPI along with prior recent data are dovish
- RBNZ: "there's a scope for further cuts..."

USD:
- Fed: Cautious approach to cuts
- Data: mixed
- Bullish CFTC


Technical & Other

- Sell limit

• Setup: TC(B)
  
• Setup timeframe: 4h
  
• Trigger: 1h
  
• Medium-term: Down
  
• Long-term: Range
  
• Min target: Next support
  
• Stop loss: 0.33%
  
• Position size: 0.5R
  

17 Eki 2024

İşlem elle kapatılmış

Closed at the breakeven - looks like the news failure; after cool NZ CPI and today's good US data the pair hasn't managed to drop further.