ashfaq.hussain.duggal

NZDUSD long trade setup just before the RBNZ meets...

FX:NZDUSD   Neuseeländischer Dollar / US-Dollar
5 0 1
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...
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