benjaminhay

Little buy on NZDCHF, carry trade

Long
benjaminhay Updated   
OANDA:NZDCHF   NZD/CHF
I am still bullish on the AUD and NZD with china economy reopening. Australia commodities exports to china should also improve.
And today BoC did not raise interest rate so, FED could be influenced too and not raise interest rate as well. It could be bullish for stocks
then AUD and NZD.

I am taking advantage of this correction to take a buy 1R, to the next resistance.
And NZD has also high interest rate compared to CHF so it is a nice carry trade nad it should not last too long :)

Comment:
closed is small profit because the spread overnight is massive ! (on my broker) too risky
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