Vitezabraham

NZDUSD Upside bias still in place.

Long
SAXO:NZDUSD   New Zealand Dollar / U.S. Dollar
Hello Traders,

Enter on the trend line break to the upside.

"US futures (reminder that it is a US holiday) are steady as equities are keeping the calm despite the payrolls miss on Friday, which does cast some doubt on Fed taper expectations and in turn, keeps the thought that easy money is here to stay for longer."

As NZD is a risk sensitive currency it follows the main indices. (risk-on, risk-off)

Have a great week!

Vitez

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