Hello people,
Yesterday (as seen below) lower than expected numbers came out and the USD strengthened. Why is that? I thought my NZDUSD would further advance upwards… but it did not.
@Mordengaard, If the USD Strengthens then the NZDUSD pair will be a shorting opportunity.
The result may have been factored into the pairs level already… hence the unexpected result…
News releases are very difficult to predict… hence it’s safer to stay out of them…
Hope this explains why your pair went downward…
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Thanks for your reply,
Yes, I’m aware of this.
But the readings for the USD were lower than expected, so the USD should have weakened and NZDUSD should have gone upwards.
The opposite happened, and that’s what I don’t understand why?
So how should I know that? 
Exactly at that time, when the negative USD readings came out, the USD strengthened immediately… 
Yes mate, that’s all about trading! The market is unpredictable; so having a backup plan is always important.
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