Get started
IberiaTrading_mentoring

NZDUSD Long mid-term trade after RBNZ Governor's comments

Long
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
IberiaTrading_mentoring Updated   
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Beyond Technical Analysis Trend Analysis fundamental-analysis technical_analysis
1
0
beyondta trendanalysis fundamental-analysis technical_analysis
We have Monetary Policy Decision in New Zealand and the RBNZ lowered interest rates to 1.50% as expected from 1.75% (already priced in the market) and decision was unanimous. Governor Orr says "Looking ahead, the outlook looks more balanced than before the cut". This is more positive news than expected and taking into account large candle had reverted and ended above important support, it is worth to go long placing stop below the wick left by the monetary policy meeting.
Trade active
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.