NZDUSD Higher
Looking for NZDUSD to move higher here.
We've held onto the 50 and 100 DMA quite nicely, been decent support previously.
We had the RBNZ meeting which was overall hawkish but the market fell on the basis on terminal rates staying the same (RBNZ hiking the same amount over time but front loading the rates). I think this still helps the overall narrative of a hawkish RBNZ against a hawkish fed but we also have the strong terms of trade narrative for NZD which i think could edge NZDUSD higher as it looks to me like we're getting another move higher in commodities. There's been some ideas floating about for USD having peaked inflation and possible future recession worries, i don't think this will be the case but it could help keep USD down a little.
Not trading advise, feedback welcome!
We've held onto the 50 and 100 DMA quite nicely, been decent support previously.
We had the RBNZ meeting which was overall hawkish but the market fell on the basis on terminal rates staying the same (RBNZ hiking the same amount over time but front loading the rates). I think this still helps the overall narrative of a hawkish RBNZ against a hawkish fed but we also have the strong terms of trade narrative for NZD which i think could edge NZDUSD higher as it looks to me like we're getting another move higher in commodities. There's been some ideas floating about for USD having peaked inflation and possible future recession worries, i don't think this will be the case but it could help keep USD down a little.
Not trading advise, feedback welcome!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.