NZD - BULLISH
1️⃣ New Zealand reported no new cases reported in the community on Monday as Auckland remains at COVID-19 alert level 3 and the rest of country is at alert level 2.
2️⃣ New Zealand’s terms of trade climbed 1.3% on quarter in Q4 2020.
JPY - BEARISH
1️⃣ Bets of a faster economic recovery in the United States and tracking US 10-year bond yields as they remained elevated at 1.415%.
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Technical
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We are looking to buy the NZDJPY on the RBS + above SMA 50 on the H1 chart.
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The risk to this trade
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A change in risk tone could turn the pair to the downside.
1️⃣ New Zealand reported no new cases reported in the community on Monday as Auckland remains at COVID-19 alert level 3 and the rest of country is at alert level 2.
2️⃣ New Zealand’s terms of trade climbed 1.3% on quarter in Q4 2020.
JPY - BEARISH
1️⃣ Bets of a faster economic recovery in the United States and tracking US 10-year bond yields as they remained elevated at 1.415%.
=====
Technical
=====
We are looking to buy the NZDJPY on the RBS + above SMA 50 on the H1 chart.
=====
The risk to this trade
=====
A change in risk tone could turn the pair to the downside.
Trade active
PENDING ORDER TRIGGEREDTrade closed manually
✅Close Manually At 77.650+15 PIPS
Very high volatility for today. Book some profits first.
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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.
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.