AIRFOREXONE_

NZDUSD: Buy Setup: Do You Agree?

Long
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Hello traders , as you can see NZDUSD ranging a lot but remember that monthly time frame is Bullish , specially with the risk on sentiment. We have many reasons to keep bullish on NZDUSD.

Kiwi a good buy option as a non-inflationary currency
Optimism in rate cuts has all but vanished
Fiscal and monetary stimulus play an important role in getting the economy through the covid lockdown
Manufacturing Sales climb
Positive vaccine hopes is supportive from a cyclical growth perspective
RBNZ surprises with a relatively upbeat assessment and hints that negative borrowing costs are off the table
New Zealand controls the second wave of coronavirus
Prime Minister Jacinda Ardern wins an absolute majority in New Zealand's general elections
National win to push the kiwi
Reopening borders to foreign nations
NZ has one of the lowest coronavirus cases

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