NZDUSD - Bullish Bias
NZD - Strong Bullish
1️⃣ Positive sentiment in the market supports the strength of high-beta currencies such as the NZD.
2️⃣ New Zealand retail sales rose 3.3% in the second quarter, following a 2.5% increase in the previous period.
3️⃣ New Zealand Prime Minister Jacinda Ardern says that COVID-19 lockdowns outside Auckland territory will be relaxed to level 2 starting Tuesday.
4️⃣ Rise in aluminum prices as a result of the coup in Guinea.
USD - Strong Bearish
1️⃣ In the Jackson Hole Symposium, Powell said that the Fed would not be in a hurry to raise interest rates.
2️⃣ The US ADP jobs report recorded an increase of 374K jobs, weakening market expectations of 613K.
3️⃣ In August, the U.S. economy added 235K jobs, a 7-month low and below market forecasts a 750K increase.
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Technical
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We are buying the NZDUSD after it bounced back at support.
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Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Don't forget to like, comment, and subscribe for more ideas.
1️⃣ Positive sentiment in the market supports the strength of high-beta currencies such as the NZD.
2️⃣ New Zealand retail sales rose 3.3% in the second quarter, following a 2.5% increase in the previous period.
3️⃣ New Zealand Prime Minister Jacinda Ardern says that COVID-19 lockdowns outside Auckland territory will be relaxed to level 2 starting Tuesday.
4️⃣ Rise in aluminum prices as a result of the coup in Guinea.
USD - Strong Bearish
1️⃣ In the Jackson Hole Symposium, Powell said that the Fed would not be in a hurry to raise interest rates.
2️⃣ The US ADP jobs report recorded an increase of 374K jobs, weakening market expectations of 613K.
3️⃣ In August, the U.S. economy added 235K jobs, a 7-month low and below market forecasts a 750K increase.
=====
Technical
=====
We are buying the NZDUSD after it bounced back at support.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Don't forget to like, comment, and subscribe for more ideas.
Trade active
Trade closed manually
UPDATE FOR #NZDUSD❌ Close Manually at 0.71100
-35 PIPS
Risk-off sentiment weighed on the NZD.
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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.