Sforex
Long

NZDUSD‬: The pair we must trade tomorrow. RBNZ Meeting

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
84 1 5
‪NZDUSD‬: The pair we must trade tomorrow.

FED Meeting comes first, then RBNZ Meeting.

Surely, Kiwi will react strongly with incoming risk event.

100% FED will hold rate, and dovish after serial of poor data.
The ball is hit to RBNZ.

Does RBNZ cut rate ? It's a big question.

The consensus forecast rate "on hold" at current level 2.25%

RBNZ in the last meeting said they will cut rate if necessary.

There is no clear signal to trade Kiwi.

IF RBNZ cuts rate, NZDUSD             would quickly drop to 0.6640

And if they leave rate unchanged, NZDUSD             would soar to 0.700

We see a big ascending channel is captured NZDUSD             in its boundary,

1H chart, NZDUSD             is choosing 0.6825 as a good support.

The key point is NZ             CPI             was released last week, and it was a positive number, so RBNZ has no reason to cut rate.
There is one thing I agree :
Definitely, there will have a clear trend after tomorrow.
Uptrend or Downtrend ?

I must choose a side.

I lean to uptrend. This is my final view.


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mujeeb113
10 months ago
Wow great predication love it
Thanks
Reply
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