✨ NEW: NZDUSD ✨ Day Trade (7m)
Telah dikemas kini
SLO @ 87.00 (aggressive sell order)
TP3 @ 86.90 (closing ALL buy orders)
TP2 @ 86.75 (shave 25%)
TP1 @ 86.50 (shave 25%)
BLO1 @ 86.40 (aggressive buy order)
BLO2 @ 86.25 (aggressive buy order)
-SL @ 86.00 🚫
NZD News May 23, 2023 @ 19:00 PT / 22:00 ET
The Official Cash Rate (OCR) Will Affect the New Zealand Dollar (NZD)
The OCR is set by the Reserve Bank of New Zealand (RBNZ) and is used to control inflation. When inflation is high, the RBNZ will raise the OCR in an effort to slow down the economy. This can make the NZD more valuable, as it makes New Zealand a more attractive place to invest. When inflation is low, the RBNZ will lower the OCR in an effort to stimulate the economy. This can make the NZD less valuable, as it makes New Zealand a less attractive place to invest.
📈 The NZDJPY pair is currently trading at 86.61. Price Action (PA) has been in an uptrend (UT) since 05/21 @ 18:54 PT and if PA breaks mid-pivot (MP) @ 86.65, it should continue the UT until it reaches Major Resistance @ ~86.77 or ~87.04.
📉 If PA reacts to 86.77 as Major Resistance, it could continue to retrace down to the next Demand Zone (DZ) @ 86.40 or 86.25 (7m).
* Resistance 2 @ ~87.04
* Resistance 1 @ ~86.77
* Support 1 @ ~86.40
* Support 2 @ ~86.25
BANKS, BUSINESSES, CONSUMERS
—The OCR is the interest rate set by the Reserve Bank of New Zealand (RBNZ)
—It is the rate at which banks can borrow money from the RBNZ
—When the OCR is increased, it makes it more expensive for banks to borrow money
—Which, in turn, makes it more expensive for businesses
—Which, then, makes it more expensive for consumers to borrow money
—This can lead to a slowdown in economic activity
—This puts pressure on the value of the NZD
—This pressure would cause the NZDJPY to rise
INVESTORS
— Higher OCRs tend to make the NZD more valuable
— Higher interest rates make New Zealand a more attractive place to invest
— A higher return can be earned on their money
— This increased demand for NZD pushes up its value.
⚠️ It is important to remember that the value of the NZD against the JPY can fluctuate rapidly, and it is always important to do your own research before making any trading decisions.
TP3 @ 86.90 (closing ALL buy orders)
TP2 @ 86.75 (shave 25%)
TP1 @ 86.50 (shave 25%)
BLO1 @ 86.40 (aggressive buy order)
BLO2 @ 86.25 (aggressive buy order)
-SL @ 86.00 🚫
NZD News May 23, 2023 @ 19:00 PT / 22:00 ET
The Official Cash Rate (OCR) Will Affect the New Zealand Dollar (NZD)
The OCR is set by the Reserve Bank of New Zealand (RBNZ) and is used to control inflation. When inflation is high, the RBNZ will raise the OCR in an effort to slow down the economy. This can make the NZD more valuable, as it makes New Zealand a more attractive place to invest. When inflation is low, the RBNZ will lower the OCR in an effort to stimulate the economy. This can make the NZD less valuable, as it makes New Zealand a less attractive place to invest.
📈 The NZDJPY pair is currently trading at 86.61. Price Action (PA) has been in an uptrend (UT) since 05/21 @ 18:54 PT and if PA breaks mid-pivot (MP) @ 86.65, it should continue the UT until it reaches Major Resistance @ ~86.77 or ~87.04.
📉 If PA reacts to 86.77 as Major Resistance, it could continue to retrace down to the next Demand Zone (DZ) @ 86.40 or 86.25 (7m).
* Resistance 2 @ ~87.04
* Resistance 1 @ ~86.77
* Support 1 @ ~86.40
* Support 2 @ ~86.25
BANKS, BUSINESSES, CONSUMERS
—The OCR is the interest rate set by the Reserve Bank of New Zealand (RBNZ)
—It is the rate at which banks can borrow money from the RBNZ
—When the OCR is increased, it makes it more expensive for banks to borrow money
—Which, in turn, makes it more expensive for businesses
—Which, then, makes it more expensive for consumers to borrow money
—This can lead to a slowdown in economic activity
—This puts pressure on the value of the NZD
—This pressure would cause the NZDJPY to rise
INVESTORS
— Higher OCRs tend to make the NZD more valuable
— Higher interest rates make New Zealand a more attractive place to invest
— A higher return can be earned on their money
— This increased demand for NZD pushes up its value.
⚠️ It is important to remember that the value of the NZD against the JPY can fluctuate rapidly, and it is always important to do your own research before making any trading decisions.
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