NZD/USD runs into a critical support area ahead of the RBNZ. Bears may wish to wait for the outcome before committing to the downside at this juncture. As per the following article, NZD/USD Price Analysis: Bears on verge of test of trendline support, the price has indeed moved to target as the greenback catches a bid in the Asian session. The entry was signified at the 15-minute structure as follows: Target achieved Bears will have gained a 1:3 risk to reward ratio in the above outcome or possibly riding the impulse even further for higher reward. However, at this juncture, it would be expected to see a correction back to test a potential structure on the daily chart as follows: The Reserve Bank of New Zealand is due in a short while, so it is advisable to wait and see what the outcome of that meeting is before committing to the curremy one way or the other. When is the RBNZ and how it could affect NZD/USD? FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Aussie Retail Sales fell 4.2% from July to August, AUD unnerved FX Street 2 years NZD/USD runs into a critical support area ahead of the RBNZ. Bears may wish to wait for the outcome before committing to the downside at this juncture. As per the following article, NZD/USD Price Analysis: Bears on verge of test of trendline support, the price has indeed moved to target as the greenback catches a bid in the Asian session. The entry was signified at the 15-minute structure as follows: Target achieved Bears will have gained a 1:3 risk to reward ratio in the above outcome or possibly riding the impulse even further for higher reward. However, at this juncture, it… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
