NZDUSD Technical Analysis – Waiting for a breakout ...Middle East

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Fundamental OverviewThe USD last week finished slightly positive but overall, it was a pretty flat week. We got some great US PMIs on Friday which showed growth without inflationary pressures. In fact, despite the strong PMIs the market pricing for interest rates remained unchanged. That should be generally positive for risk sentiment going forward.The NZD, on the other hand, got pressured mainly because of the bouts of risk-off flows here and there. The mood in the market seems to be gradually improving though and that should support the Kiwi going forward. NZDUSD Technical Analysis – Daily TimeframeOn the daily chart, we can see that NZDUSD bounced and consolidated near the key support ar

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Last updated : 25 June 2024 clock 01:44 PM

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NZDUSD Technical Analysis – Waiting for a breakout ...Middle East

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