NZDUSD Technical Analysis – We are testing a key support zone ...Middle East

Fundamental OverviewThe US CPI yesterday came in line with expectations leading to a bit of a “sell the fact” reaction in the US Dollar. The bullish momentum picked up a bit later though as Fed’s Logan delivered a hawkish comment saying that “models show that Fed funds could be very close to neutral” basically implying a lot more cautious approach on rate cuts in 2025.The market is viewing all of this in light of the recent US election as Trump’s policies are likely to spur growth and potentially keep inflation above target for longer, making the Fed’s job of bringing inflation back to target a bit harder. NZDUSD Technical Analysis – Daily TimeframeOn the daily chart, we can see that NZDUSD

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