⚡️Strifor || NZDUSD-06/02/2024
Preferred direction: BUY
Comment: The RBA's decision on the interest rate will also most likely have an impact on the New Zealand currency, to a lesser extent, surely, but potentially, since the economies of New Zealand and Australia are closely related and are neighbors. However, we are considering longs for this instrument in the medium term, regardless of the RBA’s decision. Two long scenarios are depicted on the chart. Here, it would be preferable to gain a position by gradually moving the stop-loss beyond the level of 0.60144. The growth target is located at resistance level 0.61263.
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Comment: The RBA's decision on the interest rate will also most likely have an impact on the New Zealand currency, to a lesser extent, surely, but potentially, since the economies of New Zealand and Australia are closely related and are neighbors. However, we are considering longs for this instrument in the medium term, regardless of the RBA’s decision. Two long scenarios are depicted on the chart. Here, it would be preferable to gain a position by gradually moving the stop-loss beyond the level of 0.60144. The growth target is located at resistance level 0.61263.
Thank you for like and share your views!
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Trade closed: target reached
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