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NZDUSD Technical Analysis - Bears are waiting at these levels to sell the rally

The Fed hiked interest rates by 25 bps as expected and kept everything unchanged. Fed Chair Powell reaffirmed their data dependency and kept all the options on the table. The US data since the FOMC meeting has been supporting the soft-landing narrative as the labour market indicators remained strong while the inflation data missed expectations. The RBNZ, on the other hand, kept its official cash rate unchanged while stating that it will remain at the restrictive level for the foreseeable future... Read More

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Content Topics

Nzdusd

Technical

Analysis

Bears

Waiting

These

Levels

Sell

Forex

Posted: Aug 2 2023, 11:10

Author Name: forexlive

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