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NZDUSD Technical Analysis

On the daily chart below for NZDUSD, we can see that after falling into the 0.6084 support, the price bounced strongly and it’s now eyeing the previous top of the range at 0.6276. The market at the moment is trading on the basis that the Fed has finished its tightening cycle, but as Fed Chair Powell said, it will depend on the evolution of the economy and inflation going forward. We keep seeing rangebound price actions across many major currency pairs as the market can’t decide where to go given... Read More

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Nzdusd

Technical

Analysis

Forex

Posted: May 4 2023, 08:23

Author Name: forexlive

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