AUDZND EXPECTED TO DROP
Fundametal: RBA remain interest rate while RBNZ will increase interest rate aggresively this year. So currency NZD will be stronger compared to AUD.
Sentiment: The war between Russia & Ukraine become uncertainty factor.
Technical: If price reject resistance and breakout ascending red trendline, then price expected a drop for longer periond of time.
Sentiment: The war between Russia & Ukraine become uncertainty factor.
Technical: If price reject resistance and breakout ascending red trendline, then price expected a drop for longer periond of time.
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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.