NZDUSD BEARISH
Fundamentally we are barish on the New Zealand Dollar. This is due to the rising covid cases caused by the Delta variant.The NZD has also reversed on their decision to increase interest rates. This should contribute to NZD bearishness in the long run. New Zealane is also facing growing number of covid cases and the lockdowns are being extended
Technically if we look at the NZDUSD.Price has dropped below previous lows and now retesting before possibly dropping further. However price could retrace a little bit higher till the trendline before doing so. This all also depends on the outcome of the Fed News tomorrow. However my estimation is USD will go stronger
Technically if we look at the NZDUSD.Price has dropped below previous lows and now retesting before possibly dropping further. However price could retrace a little bit higher till the trendline before doing so. This all also depends on the outcome of the Fed News tomorrow. However my estimation is USD will go stronger
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.