NZD looks poised for some weakness across the board. We have Trade Balance, Exports and Imports data coming out today and I believe this could be a key driver of where NZD goes from here. Check out my other NZD related analyses below.
Ive also included a good risk reward trade for entry before we get a breakout.
SL: above 0.97500
TP 1: 0.93111
TP2: 0.90490
Ive also included a good risk reward trade for entry before we get a breakout.
SL: above 0.97500
TP 1: 0.93111
TP2: 0.90490
Note
`looking good so far. I think we may see a bit of a retracement as CAD looks like it has quite a bit of a run against most of the market, however, the bearish sentiment remains.Trade closed: target reached
first stop cleared. we are consolidating slightly but i think we continue to dipNote
We still have more downside to goTrade closed: target reached
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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.