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NZDUSD Technical Analysis

On the daily chart below, we can see that the NZDUSD couldn’t break the 0.6389 resistance and sold off as US economic data started to come in better than expected. The market has been pretty confident that the Fed would pause at the June meeting, but the Fed left a door open for another hike if the data indicated such a move. In fact, strong economic reports made the market to slowly come to the idea that the Fed may not be done yet. Yesterday, we got again good US PMIs where the manufacturing p... Read More

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Nzdusd

Technical

Analysis

Forex

Posted: May 24 2023, 08:05

Author Name: forexlive

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