NZD/USD. In the downtrend.
NZD is weakening against the USD. Here are several factors that may affect the price of the currency
Fundamental factors
The most important news for the next week is being released on Wednesday
RBNZ interest rate decision is beign published at 01 a.m. GMT
Also Core CPI and CPI in the US is published at 1:30 p.m. GMT
At 4 p.m. Fed Chair Powell will speak
Technical factors
All main indicators are heading down
MACD lines are decreasing
DM+ broke DM- down
Williams %R broke its lower line and is in oversold zone
The target for the price may become 0,63000
The resistance line is on 0,64000
Fundamental factors
The most important news for the next week is being released on Wednesday
RBNZ interest rate decision is beign published at 01 a.m. GMT
Also Core CPI and CPI in the US is published at 1:30 p.m. GMT
At 4 p.m. Fed Chair Powell will speak
Technical factors
All main indicators are heading down
MACD lines are decreasing
DM+ broke DM- down
Williams %R broke its lower line and is in oversold zone
The target for the price may become 0,63000
The resistance line is on 0,64000
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