NZDUSD - BEARISH BIAS
NZD - BEARISH
1️⃣ Market participants expect the New Zealand's Unemployment Rate in the second quarter to rise from 4.2% to 5.8% with the Employment Change declining by 2%.
2️⃣ Risk-off market sentiment expected as surging coronavirus infection rates across the US dampens investor hopes of economic recovery.
USD - BULLISH
1️⃣ Safe-haven demand was supported by a resurgence in coronavirus infections and geopolitical tensions between the US and China.
2️⃣ July U.S. ISM manufacturing highest since March 2019.
=====
Technical
=====
📊 We are looking to short NZDUSD on SBR Level + SMA 50 area.
📊 NZDUSD in bearish zone.
1️⃣ Market participants expect the New Zealand's Unemployment Rate in the second quarter to rise from 4.2% to 5.8% with the Employment Change declining by 2%.
2️⃣ Risk-off market sentiment expected as surging coronavirus infection rates across the US dampens investor hopes of economic recovery.
USD - BULLISH
1️⃣ Safe-haven demand was supported by a resurgence in coronavirus infections and geopolitical tensions between the US and China.
2️⃣ July U.S. ISM manufacturing highest since March 2019.
=====
Technical
=====
📊 We are looking to short NZDUSD on SBR Level + SMA 50 area.
📊 NZDUSD in bearish zone.
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.
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.