NZD/CHF
Long
Updated

Buy The Strongest, Short The Weakest (May 23)

127
Fundamentals & Sentiment

NZD:
- Hawkish comments from RBNZ
- Positive carry
- AUDNZD is in the mean reversion to the downside

CHF:
- SNB: "The SNB has already cut rates but it certainly sounds like there is more to come."
- Market is pricing in the cut with some more room to go (<60% chance)

Technical & Other

Setup: TC(B)
Setup timeframe: 1h
Trigger: 1h
Medium-term: Uptrend
Long-term: Uptrend
Min target: May highs
Risk: 0.43%
Trade closed: stop reached

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.