Strifor || NZDUSD-09/04/2024

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Preferred direction: BUY
Comment: The New Zealand dollar copies the situation with the Australian dollar. Here, we also continue to adhere to the previously outlined long scenario and have almost already reached the target at the level of 0.60713. Today, it is relevant to consider short-term purchases with the same target at the level of 0.60713. There are two scenarios for buying, and the strength of buyers allows the price to start growing as much as possible from current prices (scenario №1). The probability of a preliminary rollback before growth is small, so we keep scenario №2 in our arsenal.

It should be noted that tomorrow there will be a meeting of the RBNZ and a decision on the interest rate. Therefore, it is better not to delay with short-term trades and, if possible, close them before this event.

Additional comments on this trade will be provided as situation changes. Follow us!

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Trade closed: target reached
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