JoeChampion

NZDUSD:Hawkish RBNZ and Potential Upsides

Long
OANDA:NZDUSD   New Zealand Dollar / U.S. Dollar
Hey Traders, in today's trading session we are monitoring NZDUSD for a buying opportunity around 0.60750 zone, NZDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.60750 support and resistance area.
Last night the RBNZ did consider raising rates which should give a boost to the kiwi meanwhile on the other hand the macro environment of the dollar is soft after the current progression of CPI in the US.
Trade safe, Joe.

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