Strifor || NZDUSD-14/05/2024
Preferred direction: BUY
Comment: The short-term strengthening of the US dollar's main competitors is relevant, and the New Zealand dollar is no exception. It should even be noted that this currency pair is among the top for short-term growth today. Strengthening of the NZDUSD is expected towards the level of 0.60713, as well as in the case of the Australian dollar, there is a possibility of more significant growth, however, there is no need to raise the target too much since in the medium term there will most likely be a downward reversal.
According to our main scenario №1, we expect growth from the current ones, and we can safely consider buying right now. Scenario №2 is extremely unlikely, but nevertheless, we highlight it as an alternative.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: The short-term strengthening of the US dollar's main competitors is relevant, and the New Zealand dollar is no exception. It should even be noted that this currency pair is among the top for short-term growth today. Strengthening of the NZDUSD is expected towards the level of 0.60713, as well as in the case of the Australian dollar, there is a possibility of more significant growth, however, there is no need to raise the target too much since in the medium term there will most likely be a downward reversal.
According to our main scenario №1, we expect growth from the current ones, and we can safely consider buying right now. Scenario №2 is extremely unlikely, but nevertheless, we highlight it as an alternative.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
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