NZD=======USD=======Bearish Long Term
Updated
Market Structure Uptrend
1.Trend is Near the Major Trend line
2.There is formation of Double pattern Near the Trend line
3.There is Formation of BAT pattern
4.Mention zone is Potential Reversal zone
5.Wait for Break of Structure
6.Divergence Near to form
7.There is divergence in Momentum
8.MACD line crossing the Signal line
1.Trend is Near the Major Trend line
2.There is formation of Double pattern Near the Trend line
3.There is Formation of BAT pattern
4.Mention zone is Potential Reversal zone
5.Wait for Break of Structure
6.Divergence Near to form
7.There is divergence in Momentum
8.MACD line crossing the Signal line
Trade active
Fundamental Analysis NEW Zealand inflation expectations fell to their lowest level in almost three years, supporting investor bets that the central bank will be able to start cutting interest rates later this year. The kiwi dollar dipped.
Two-year ahead expectations declined to 2.33 per cent in the second quarter from 2.5 per cent in the first, according to a survey of businesses published by the Reserve Bank of New Zealand (RBNZ) on Monday (May 13) in Wellington. That’s the lowest since the third quarter of 2021. The one-year measure fell to 2.73 per cent from 3.22 per cent, the five-year measure was unchanged at 2.25 per cent, while the 10-year gauge rose to 2.19 per cent from 2.16 per cent.
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