kansianz
Long

NZDUSD Long Setup ahead of NZ trade balance.

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
20 0 1
Long setup, I will keep it simple.

*RSI Divergence
*Key Support area (4h & Daily)
*Decent R:R

Previous 2 months trade balance were far better than expected.
Better than expected trade balance will reduce likelyhood of rate cut. (Not that i trust what they say though)
Sceptical about what RBNZ gave us, nowadays central bankers don't really dare to do what they say.
NZD still provides a decent yield differential until they do something :/
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