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Australian Dollar / New Zealand Dollar
Short
Updated

Kiwi Cut Fade

124
Fundamentals & Sentiment

AUD:
- Undervalued according to CFTC
- Chinese stocks are under pressure
- The recent Minutes weren't dovish enough

NZD:
- Risks: the momentum from the cut continues

Technical & Other

- seeing the pop up as overdone

  • Setup: TR(RTF)
  • Setup timeframe: D
  • Trigger: 15m
  • Medium-term: Up
  • Long-term: Range
  • Min target: pre-cut lows
  • Stop loss: 0.3%
  • Position size: 0.5R
Trade closed: stop reached
-1R
Cherry94
Also on:
Beyond Technical AnalysisChart PatternsFundamental Analysis

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Beyond Technical AnalysisChart PatternsFundamental Analysis
Cherry94
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.