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NZD/USD LONG

by SignalFactory   ·  August 5, 2019 | 04:13:27 UTC  

NZD/USD LONG

by SignalFactory   ·  August 5, 2019 | 04:13:27 UTC  

NZD/USD remains on the back foot around two-month low while taking rounds to 0.6530 at the start of the week’s Asian trading on Monday.

The not-so-dovish Fed rate cut followed the U.S President Donald Trump’s fresh tariffs on China, which pushed markets off the Antipodeans. Adding to the greenback strength could be mostly upbeat US employment statistics for July.

During late-week, the US President opened a window of opportunity for China to avoid witnessing harsh tariffs if it can promise to act between now and the next trade meeting in September. However, the news was also making rounds that the White House isn’t ready to delay tariffs despite China’s threats to retaliate.

NZD/USD LONG (Buy)

ENTER AT: 0.65220

T.P: 0.65380

S.L: 0.64950

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