Fed more likely to hike rates as economic data continues to strengthen

Earlier today, U.S. Core Durable Goods order rose by 1.0% beating the 0.2% growth expectations. Crude oil inventories continues to drop signalling in the ability to unload supply build-up.

NZDUSD already dropped 90~ pips on these two releases and we repeat the continued short trade setup.

NZDUSD 15-Minute

This trade is currently in progress as it tests another supply zone presenting a short term short opportunity. Standard setup with a 1.8 reward to risk ratio good for a quick scalp trade.


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