The NZD enjoyed some buying interest last week, predominantly driven by IMM flows. Our FX flow data points at banks and hedge funds inflows, as well as corporates and real money investors outflows.
NZD/USD’s fair value rose from 0.5850 to 0.5870 due to rises in the NZ- US short-term rates spread, global equities & the outperformance of US equities by Asian equities. NZD/USD’s is more than 1.5 standard deviations undervalued. The FAST FX model has triggered a long NZD/USD trade with a stop-loss of -2.61% & a take-profit level of 0.5870.
NZD/USD’s fair value rose from 0.5850 to 0.5870 due to rises in the NZ- US short-term rates spread, global equities & the outperformance of US equities by Asian equities. NZD/USD’s is more than 1.5 standard deviations undervalued. The FAST FX model has triggered a long NZD/USD trade with a stop-loss of -2.61% & a take-profit level of 0.5870.
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1. AccuTrade System:
tradingview.com/v/yDFPnb1J/
2. Signal Performance:
thedailyfx.com/performance/
3. We provide Free TradingView Premium and Essential Membership.
tradingview.com/v/yDFPnb1J/
2. Signal Performance:
thedailyfx.com/performance/
3. We provide Free TradingView Premium and Essential Membership.
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.