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NZDUSD Technical Analysis

The recent beat in the non-farm payrolls (NFP) data, followed by concerning factors like a higher unemployment rate and fewer average weekly hours, has resulted in a weakening of the USD. The market has adjusted its hawkish expectations to less hawkish ones because a looser job market can help reduce inflation. Additionally, the disappointment in the ISM Services Purchasing Managers' Index (PMI), particularly in the lower prices paid sub-index, has further contributed to the expectations that co... Read More

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Nzdusd

Technical

Analysis

Forex

Posted: Jun 13 2023, 11:13

Author Name: forexlive

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