If you want to trade News, we have to Analyse from a Fundamental Perspective: The Forecasted rate is 5.5%, so if at the time of release (2am GMT) the Actual rate is higher than 5.5%, NZDUSD will RISE. But if the Actual is lower than 5.5%, NZDUSD will FALL. Monitor the release of the rate from Forex Factory. Now because I'm a Swing Trader, I won't be taking that trade, because I don't trade on the lower time frames
Will the New Zealand dollar rise or fall during the interest rate tomorrow?
If you want to trade News, we have to Analyse from a Fundamental Perspective: The Forecasted rate is 5.5%, so if at the time of release (2am GMT) the Actual rate is higher than 5.5%, NZDUSD will RISE. But if the Actual is lower than 5.5%, NZDUSD will FALL. Monitor the release of the rate from Forex Factory.
Now because I'm a Swing Trader, I won't be taking that trade, because I don't trade on the lower time frames