Instrument: NZDUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 0.70466 with a take profit 0.70035.
Bearish Preference:
Enter a Sell position if price trades below 0.70789 with take profit at 0.71032.
Fundamentals:
2:30 pm USD Final GDP q/q
Comment: The dollar has been trading above major pairs but the fear of the new COVID has stopped the buck from trading at its peak. Technically on the H4 we have seen prices tend downwards. We could attribute this to the stimulus packaged passed by the US congress, technically we expect price to sell further till it gets to the support on the H4.
Analysis: SCRUM Team
