NZDUSD Technical Analysis – Just a pullback or a reversal? ...Middle East

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NZDUSD Technical Analysis – Just a pullback or a reversal?
Fundamental OverviewThe USD got a boost yesterday following an ugly US ISM Manufacturing PMI as the markets went into risk-off. Overall, we had goldilocks data releases until now with an economy that’s been slowing but still growing. So, one bad report might not be a gamechanger, but the markets are increasingly sensitive to bad news in this part of the cycle. On the monetary policy front, we had the FOMC rate decision on Wednesday and as expected it was a dovish one. Fed Chair Powell hinted to a September rate cut and didn’t even close the door for “several” rate cuts before the end of the year. The market has now fully priced in three rate cuts by the end of the year and continues to rais

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