• Straddle setup in NZD/USD (H4)
  • Powell speaking about U.S. economic outlook
  • FOMC minutes

NZD/USD (H4) has been ranging across within 45pips since last Thursday.
This presents us with a potential straddle setup.

Straddle Setup for NZD/USD (H4)
45pips range from 0.6613 to 0.6658
Buy Stop Order at 0.6673
Sell Stop Order at 0.6598

Potential Price Movers

  • 06 Oct at 2240 (SGT): Federal Reserve Chairman Powell will be speaking about the U.S. economic outlook at the National Association of Business Economics annual meeting.
  • 08 Oct at 0200 (SGT): Federal Reserve will be releasing the minutes for the previous monetary policy meeting.

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By Gim Hong Lee

Gim Hong has been a full-time currency trader for more than 2.5 years, focusing on day and swing trading of major currencies and their crosses. He is a frequent contributor of currency and economic analysis in Forex Trading Asia. Graduated from Columbia University in the City of New York with a bachelor’s degree in applied mathematics and statistics, the nerdy side of Gim Hong enjoys learning about data analysis, machine learning and their applications in currency trading.

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