NZD - Weak Bullish
1️⃣ The market expects that the RBNZ will raise its interest rate by 50 basis points at its November meeting after inflation figures for the 3rd quarter came in stronger than market and previous expectations.
2️⃣ The risk-on tone in the market supports the strength of the NZD.
CHF - Strong Bearish
1️⃣ A positive market environment causes investors to switch to high-yielding currencies.
=====
Technical
=====
We are buying the NZDCHF after it bounced back at the support level.
=====
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 The market expects that the RBNZ will raise its interest rate by 50 basis points at its November meeting after inflation figures for the 3rd quarter came in stronger than market and previous expectations.
2️⃣ The risk-on tone in the market supports the strength of the NZD.
CHF - Strong Bearish
1️⃣ A positive market environment causes investors to switch to high-yielding currencies.
=====
Technical
=====
We are buying the NZDCHF after it bounced back at the support level.
=====
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: stop reached:
✅ TRADE HAS HIT BE
+15 PIPS
+15 PIPS