NZDUSD Long Setup ahead of NZ trade balance.
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 :/
*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 :/