Do you believe in strong dollars? Fundamentally, the USD is under inflationary pressure, especially in America. Biden continues to urge the Fed to immediately fight inflation. Jerome Powell has taken step by step since the end of 2021, the fed is considering QE then tapering it from 15M to double it 3 times, then in early 2022 the fed also raises the interest rate by 25bps. What is the impact? of course the USD will strengthen against other currencies. However, this has little impact on commodities-USD. Therefore, we can look for opportunities from the pair against the USD which have a chance to be corrected. Here I found an opportunity for NZDUSD. Technically, there is a Daily resistance area that cannot be breakout. The bearish trend will be perfectly seen if there is a release of good economic data for America.
This is my
NZDUSD
trading plan, how about you?
This is my
NZDUSD
trading plan, how about you?