NZDUSD Swing as Dollar Becomes Bearish
The era of high interest rates may not persist for much longer. Or, at least, that's what price is telling us.
The US dollar sold off against pretty much all of its counterparts, maybe except for the Canadian dollar. It appears that investors believe that the Federal Reserve may not be sustaining a higher interest rate position and US dollar longs are closing out their positions.
No matter to me as I look at the price action. This latest breakout signals a long entry opportunity on NZDUSD, one of the latest pairs I'm looking to enter. Fortunately, I have already entered short on USDSEK and USDJPY so this is an accumulation of my position.
The US dollar sold off against pretty much all of its counterparts, maybe except for the Canadian dollar. It appears that investors believe that the Federal Reserve may not be sustaining a higher interest rate position and US dollar longs are closing out their positions.
No matter to me as I look at the price action. This latest breakout signals a long entry opportunity on NZDUSD, one of the latest pairs I'm looking to enter. Fortunately, I have already entered short on USDSEK and USDJPY so this is an accumulation of my position.
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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.