Finteria

An trade idea on NZDUSD!

Long
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
The NZD is the strongest currency today boosted by a stunning job report. With 3 interest rate hike expected till the end of 2021, the NZD can outperform all other currencies in the market. I like setups when we have a strong fundamental tailwind and signals from the technical charts. I bought NZDUSD and I expect it to test 0.7090. We can further expect a breakout of 0.71 later this week especially if we will have weak job report in the US.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.