Following the bearish bias on USD and the expecting of NZD strength in December due to fundamental analysis and bias. We need to look at technical analysis for entries. I need a pullback to support before buying creating plan A and B.
For both plans the hard exit at 0.7260
Fundamental reasons for bearish USD
Biden winning and clear direction for government policy
A possible vaccine to covid
Seasonality
End of the year
Low-interest rate and possible more stimulus packages
For both plans the hard exit at 0.7260
Fundamental reasons for bearish USD
Biden winning and clear direction for government policy
A possible vaccine to covid
Seasonality
End of the year
Low-interest rate and possible more stimulus packages
Trade closed: target reached