NZD - Strong Bearish
1️⃣ The rise of COVID-19 cases around the world has caused investors to flee to safe-haven assets.
2️⃣ New Zealand Head of Health Ashley Bloomfield expects this latest spread to hit 50-100 cases.
3️⃣ The RBNZ kept interest rates at a low of 0.25% at its August meeting amid concerns over the latest COVID-19 spread.
4️⃣ New Zealand implements level 4 restrictions nationwide.
JPY - Strong Bullish
1️⃣ A decline in US Treasury yields boosted demand for the JPY.
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Technical
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We are selling the NZDJPY below SBR levels.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
1️⃣ The rise of COVID-19 cases around the world has caused investors to flee to safe-haven assets.
2️⃣ New Zealand Head of Health Ashley Bloomfield expects this latest spread to hit 50-100 cases.
3️⃣ The RBNZ kept interest rates at a low of 0.25% at its August meeting amid concerns over the latest COVID-19 spread.
4️⃣ New Zealand implements level 4 restrictions nationwide.
JPY - Strong Bullish
1️⃣ A decline in US Treasury yields boosted demand for the JPY.
======
Technical
======
We are selling the NZDJPY below SBR levels.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Trade active
Trade closed: target reached
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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.