AUD - BULLISH
1️⃣ Global risk appetite was boosted after governor of the People's Bank of China Yi Gang noted that China will continue implementing the phase-one economic and trade agreement with the US while measures aimed at opening up China's financial sector will continue.
2️⃣ Goldman Sachs raised its 2021 US GDP forecast to 6.2% from 5.6%, driven by expectations that at least one COVID-19 vaccine will be “widely distributed” by the end of the second quarter next year.
NZD - BEARISH
1️⃣ New Zealand has reported its first coronavirus cases in 102 days and has announced it would slap new restrictions.
2️⃣ RBNZ policy will be left unchanged but risks are dovish.
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TECHNICAL
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- We are looking to long AUDNZD on RBS level + SMA50 area.
- AUDNZD in bullish zone.
1️⃣ Global risk appetite was boosted after governor of the People's Bank of China Yi Gang noted that China will continue implementing the phase-one economic and trade agreement with the US while measures aimed at opening up China's financial sector will continue.
2️⃣ Goldman Sachs raised its 2021 US GDP forecast to 6.2% from 5.6%, driven by expectations that at least one COVID-19 vaccine will be “widely distributed” by the end of the second quarter next year.
NZD - BEARISH
1️⃣ New Zealand has reported its first coronavirus cases in 102 days and has announced it would slap new restrictions.
2️⃣ RBNZ policy will be left unchanged but risks are dovish.
=====
TECHNICAL
=====
- We are looking to long AUDNZD on RBS level + SMA50 area.
- AUDNZD in bullish zone.
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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.