NZDUSD Technical Analysis – The Kiwi finds support from the risk-on sentiment ...Middle East

Fundamental OverviewYesterday, we got two strong US data releases as the Jobless Claims and Retail Sales figures came out much better than expected. The initial reaction was US Dollar bullish, but after a while the market started to fade the move.The reason is that the risk-on sentiment is generally negative for the greenback as the market focuses on positive global growth. Of course, the reasons to sell the USD are not that strong and that’s why in the big picture the major currency pairs have been mostly trading in a range for a year. But in the short term, the changes in sentiment are influencing the price action and the US Dollar performance. On the NZD side, this week the RBNZ cut rates

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