NZDUSD - Look Out Below
NZDUSD has come under recent pressure after a slew of recent economic data indicating a slowing economy. With the cooling of the labour market, tepid wage gains, and poor employment data, there is chatter of the Reserve Bank of New Zealand cutting rates. This would put further pressure on the New Zealand Dollar, especially in the face of a rising USD
As a result, we see NZDUSD going lower to 0.65 over the next few weeks
As a result, we see NZDUSD going lower to 0.65 over the next few weeks
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.