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NZDUSD Technical Analysis

On the daily chart below, we can see that the long period of choppiness since the March banking crisis seems to be ending. After a brief spike to the 0.6389 resistance caused by the bigger than expected RBNZ hike, the market turned lower, and the price started to make lower lows as the US data began to miss expectations causing recessionary vibes. The latest big move lower started when the US Retail Sales missed expectations across the board sending the US Dollar higher as a safe haven. Yesterda... Read More

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Nzdusd

Technical

Analysis

Forex

Posted: Apr 26 2023, 08:44

Author Name: forexlive

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