NZDUSD long trade setup just before the RBNZ meets...
NZDUSD sell-off halted near 6890 level. Current move up is majorly due to US$ weakness.
A perfect long trade setup has emerged but Fundamental risk event is looming ahead as RBNZ meets less than 48 hours. RBNZ maintained a dovish tone in 1st meeting for the year and NZD$ been on a roller coaster ride.
We will remain sideline and wait for another opportunity to trade, as technical setups can be derailed by fundamental moves.
Trade with care...
NOTE : IDEAS ARE PUBLISHED TO TRADE ON DAILY TIME FRAME ONLY...
A perfect long trade setup has emerged but Fundamental risk event is looming ahead as RBNZ meets less than 48 hours. RBNZ maintained a dovish tone in 1st meeting for the year and NZD$ been on a roller coaster ride.
We will remain sideline and wait for another opportunity to trade, as technical setups can be derailed by fundamental moves.
Trade with care...
NOTE : IDEAS ARE PUBLISHED TO TRADE ON DAILY TIME FRAME ONLY...
