NZDUSD: Brace for Another Bearish Movement
NZDUSD: Brace for Another Bearish Movement
The NZDUSD pair has recently broken down from a minor bearish pattern near the 0.5750 level. With the US market reopening after a long weekend, the USD is expected to strengthen, increasing the likelihood of a downward movement for the NZDUSD, as illustrated in the chart.
Additionally, the Reserve Bank of New Zealand (RBNZ) is anticipated to cut interest rates by 50 basis points to 3.75% from the current 4.25% on February 19, 2025.
This rate cut could further support the bearish trend.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
The NZDUSD pair has recently broken down from a minor bearish pattern near the 0.5750 level. With the US market reopening after a long weekend, the USD is expected to strengthen, increasing the likelihood of a downward movement for the NZDUSD, as illustrated in the chart.
Additionally, the Reserve Bank of New Zealand (RBNZ) is anticipated to cut interest rates by 50 basis points to 3.75% from the current 4.25% on February 19, 2025.
This rate cut could further support the bearish trend.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Trade closed: target reached
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✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
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.