NZD/USD Outlook (11 April 2022)
NZD/USD sold down from the 0.6950 towards 0.6840, as a result of recent FOMC meeting minutes release.
On Wenesday 13th April, the RBNZ will be releasing cash rate decision and statement. With market anticipation for a rate hike of 25 basis point. This is likely to spike the NZD/USD up, however, pay attention to the statement, for indication of future rates decision.
Prior to the RBNZ rate decision, the US CPI data is to be released on Tuesday 12th April. With Inflation for the US at close to 8%, likely to see a greater CPI data which could lead to further USD strength.
Look for short term selling opportunities below 0.6840 towards next support level of 0.6710
On Wenesday 13th April, the RBNZ will be releasing cash rate decision and statement. With market anticipation for a rate hike of 25 basis point. This is likely to spike the NZD/USD up, however, pay attention to the statement, for indication of future rates decision.
Prior to the RBNZ rate decision, the US CPI data is to be released on Tuesday 12th April. With Inflation for the US at close to 8%, likely to see a greater CPI data which could lead to further USD strength.
Look for short term selling opportunities below 0.6840 towards next support level of 0.6710
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