UncleBullFX
Long

NZDUSD | Preparing to fly soon?

OANDA:NZDUSD   New Zealand Dollar / U.S. Dollar
#NZDUSD | Swing:

This pair has been flying (200+ pips) in the past week, and we are expecting this bullish trend to continue this week. Therefore, our bias for the NZDUSD is bullish for the next 2-3 weeks (unless a major event takes place and changes our view, we will let you know if this happens)

Moreover, we have two scenarios to play for this pair, as we are expecting volatility on the NZD pairs on Wednesday when the "RBNZ Financial Stability Report" comes out. So we are ready for whatever the market throws at us

For those who don't know, the "RBNZ Financial Stability Report" is only issued TWICE per YEAR, and it provides insights into the Reserve Bank of New Zealand's view of the inflation , growth, and other important economic conditions. Hence, many investors will be anticipating this.

Risk ONLY: 2-3%

Good Luck!
Trade active: Scenario 1
Comment:
Comment:
Trade closed: target reached

Comments

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