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NZDUSD Technical Analysis - Bearish bias remains intact

The Fed hiked interest rates by 25 bps as expected and kept the policy statement unchanged. The market was looking for clues and hints on the next policy path, but it didn’t get anything. In fact, Fed Chair Powell just reaffirmed their data dependency. Yesterday though, the US Jobless Claims beat expectations again by a big margin sending the USD higher. As long as the US data remains this strong, the USD should continue to appreciate.The RBNZ, on the other hand, kept its official cash rate unch... Read More

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Content Topics

Nzdusd

Technical

Analysis

Bearish

Bias

Remains

Intact

Forex

Posted: Jul 28 2023, 10:56

Author Name: forexlive

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