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Instrument: NZDUSD
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above 0.60531 with take profit at 0.60631.
Bearish Preference:
A sell position is envisaged if the price trades below 0.60397 with take profit at 0.60291.
Fundamentals:
3:00 pm USD ISM Services PMI
Comment:
The dollar edged up against major currencies on Monday, as markets priced in around a 30% chance of the U.S. Federal Reserve raising benchmark rates this month after robust jobs data on Friday.
Analysis: SCRUM Team
