NZD - BULLISH 1️⃣ Supported by a weaker US dollar and a better employment report for Q1 in New Zealand continues to provide support to the NZD. 2️⃣ April's housing data revealed that the government's steps to curb the housing bubble have yet to have the desired impact , the latter is set to be closely scrutinized.
CHF - BEARISH 1️⃣ Risk-on tone weighing on the safe-havens CHF.
===== Technical =====
We are buying the NZDCHF at support + above SMA 50 on the H1 chart.
===== Risk to this trade =====
Any change in sentiment could turn the pair's direction.