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NZDUSD Technical Analysis

On the daily chart below, we can see that May was a great month for the USD as the strong economic data made the market to reprice interest rates expectations on the more hawkish side. We even got a breakout of the March low recently, but the sellers couldn’t sustain the momentum as they started to get big headwinds. In fact, NZDUSD rallied in the past two days as the market started to unwind hawkish bets due to some Fed officials talking about a pause in June to wait for more data and decide in... Read More

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Nzdusd

Technical

Analysis

Forex

Posted: Jun 2 2023, 10:06

Author Name: forexlive

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