Two risk events on USD and NZD are behind. Highly awaited news did not bring any new touches to the big picture. Fed is playing the same game as in 2015 by postponing rate hikes. NZD kept the rates leaving the room for further monetary policy accommodation. With this said I would expect a return of risk appetite and a rebound of NZDUSD. This might be prompted by bottoming out of oil prices, at least in the short run.
For the trading strategy I would buy NZDUSD at the current level with SL at yesterdays' low at 0.6415 and a price target of 0.664.
For the trading strategy I would buy NZDUSD at the current level with SL at yesterdays' low at 0.6415 and a price target of 0.664.