When deciding on a Forex pair one must clearly be thinking:
- What is the best currency (economy) to buy
-Which is a 'suffering', weak currency (economy) to short
For the first part I find NZD (the New Zealand Dollar) to be in the first category for a variety of reasons (good relations with China, data has been strong, Central Bank)
For the second part I choose CHF (soft performance, low interest rates, yet not so volatile)
Traded in a pair, NZDCHF looks right but what does the chart say? Well take a look: 2 support levels seem like a prefect entry.
Let's see if it works!
the FXPROFESSOR
- What is the best currency (economy) to buy
-Which is a 'suffering', weak currency (economy) to short
For the first part I find NZD (the New Zealand Dollar) to be in the first category for a variety of reasons (good relations with China, data has been strong, Central Bank)
For the second part I choose CHF (soft performance, low interest rates, yet not so volatile)
Traded in a pair, NZDCHF looks right but what does the chart say? Well take a look: 2 support levels seem like a prefect entry.
Let's see if it works!
the FXPROFESSOR
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🌐FOREX SPECIAL: fxprofessor.com/forex-special 💡💙💬 Public Telegram: www.t.me/fxprofessor88 💎