NZD/USD likely to fall!
Hey tradomaniacs,
NZD/USD has created a double-top at the key-resistance-zone with the break and retest of the previous trendline.
Could be a good opportunity to short even though fundamentals are very mixxed as the market has no idea how to react to the todays ECB-Statement.
Strong Rate-Hikes combined with a bad outlook for the next quarter and year is usually a very bad combination and could boost the US-Dollar with a rosk-off-sentiment.
On the other hand the market could price in less rate-hikes when inflation settles down and the up-inflation-risk weakens.
However, technically a good chance.
NZD/USD has created a double-top at the key-resistance-zone with the break and retest of the previous trendline.
Could be a good opportunity to short even though fundamentals are very mixxed as the market has no idea how to react to the todays ECB-Statement.
Strong Rate-Hikes combined with a bad outlook for the next quarter and year is usually a very bad combination and could boost the US-Dollar with a rosk-off-sentiment.
On the other hand the market could price in less rate-hikes when inflation settles down and the up-inflation-risk weakens.
However, technically a good chance.
Note
bearish footprint...
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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.