Fundamental OverviewThe USD continues to remain under pressure amid positive risk sentiment and the imminent rate cuts from the Fed which should help global growth. These are generally bearish drivers for the greenback.In fact, the recent strong appreciation of the NZD has been mostly driven by the US Dollar side of the equation. After the recent more dovish than expected RBNZ decision, the market is pricing a 95% probability of a rate cut in October and then at least another 25 bps cut before year-end.The focus now will be on tomorrow’s Flash US PMIs and then Fed Chair Powell speech at the Jackson Hole Symposium on Friday. NZDUSD Technical Analysis – Daily TimeframeOn the daily chart, we ca
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