NZD - Weak Bearish
1️⃣ A negative market environment can depress high-beta currencies such as the NZD.
USD - Strong Bullish
1️⃣ Risk-off sentiment in the market benefits safe-haven currencies.
2️⃣ The rising in U.S. Treasury yields supports the strength of the U.S. dollar.
3️⃣ President of the Federal Reserve branch of St. Louis, James Bullard proposed to cut the central bank’s bond-buying program despite the recent weaker U.S. jobs data.
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Technical
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We are selling the NZDUSD after it to break the resistance and pullback.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
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