NZD/USD Price Outlook and Trading Plan
US Dollar weakness across the board and positive market sentiment has given the NZD/USD bulls opportunity to continue the uptrend.
I have explained the possibility of a weak USD Cycle over the next few years in my EUR/USD market commentary.
This gives opportunity to high-beta currencies like New Zealand Dollar, Australian Dollar and other EM currencies to appreciate against the US dollar.
So, buying the dips is preferred while trading NZDUSD. 0.6450 is a short-term target for the NZDUSD bulls and 0.6750 also remains a possibility.
I have explained the possibility of a weak USD Cycle over the next few years in my EUR/USD market commentary.
This gives opportunity to high-beta currencies like New Zealand Dollar, Australian Dollar and other EM currencies to appreciate against the US dollar.
So, buying the dips is preferred while trading NZDUSD. 0.6450 is a short-term target for the NZDUSD bulls and 0.6750 also remains a possibility.
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