Instrument: NZDUSD
Technical Analysis
Bullish Preference:
Buy if price trades above 0.69741 with take profit at 0.69841.
Bearish Preference:
A sell is envisaged when price trades below 0.69443 with take profit at 0.69343.
Fundamentals:
4:00pm USD Revised UoM Consumer Sentiment
8:00pm USD FOMC Meeting Minutes
Comment: The dollar nursed losses on Wednesday as progress in developing a novel coronavirus vaccine and expectations for a fiscal boost from a new U.S. government triggered a shift of funds from the greenback to riskier assets.
Analysis: SCRUM Team
