NZDUSD Technical Analysis – We are approaching a key resistance zone ...Middle East

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NZDUSD Technical Analysis – We are approaching a key resistance zone
Fundamental OverviewWe continue to see a pullback in the US Dollar as the market kind of reached the peak in the repricing of interest rates expectations and it will need stronger reasons to price out the remaining rate cuts for 2025.This was signalled by the lack of US Dollar strength after lots of strong US data with the market’s pricing remaining largely unchanged around three rate cuts by the end of 2025. We might see the greenback remaining on the backfoot at least until the US CPI due in two weeks.On the NZD side, the RBNZ this week cut interest rates by 50 bps as expected but overall was less dovish than the market’s aggressive view. Right n

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