NZDUSD - BEARISH BIAS
NZD - BEARISH
1️⃣ Market participants expect the New Zealand's Unemployment Rate in the second quarter to rise from 4.2% to 5.8% with the Employment Change declining by 2%.
2️⃣ Risk-off market sentiment expected as surging coronavirus infection rates across the US dampens investor hopes of economic recovery.
USD - BULLISH
1️⃣ Safe-haven demand was supported by a resurgence in coronavirus infections and geopolitical tensions between the US and China.
2️⃣ July U.S. ISM manufacturing highest since March 2019.
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Technical
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📊 We are looking to short NZDUSD on SBR Level + SMA 50 area.
📊 NZDUSD in bearish zone.
1️⃣ Market participants expect the New Zealand's Unemployment Rate in the second quarter to rise from 4.2% to 5.8% with the Employment Change declining by 2%.
2️⃣ Risk-off market sentiment expected as surging coronavirus infection rates across the US dampens investor hopes of economic recovery.
USD - BULLISH
1️⃣ Safe-haven demand was supported by a resurgence in coronavirus infections and geopolitical tensions between the US and China.
2️⃣ July U.S. ISM manufacturing highest since March 2019.
=====
Technical
=====
📊 We are looking to short NZDUSD on SBR Level + SMA 50 area.
📊 NZDUSD in bearish zone.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.