NZD/CHF LONG
LONG NZD/CHF
@ 0.7101
SL @ 0.6967
not filled, cancelled.
- This is a very similar picture as AUD/CHF. NZD is doing much better both fundamentally and sentimentally and on top of that, it also has less risk for this week as there are very few datas coming out. Technically, we had a bullish big shadow and is not in the range bound.
- The catalyst was the SNB intervention and the general sentiment.
- We’re in the range bound.
- The risk is the sentiment changes; or any negative comments from RBNZ. Basically if RBA cuts rate, then market is going to anticipate a rate cut for sure from RBNZ. If RBA does not cut rate, then market might still anticipate a rate cut for RBNZ but will has less impact in against CHF.
- I’ll manage with the news and datas
- Yes i think this trade actually has a lower risk then AUD/CHF.
LONG NZD/CHF
@ 0.7101
SL @ 0.6967
not filled, cancelled.