New Zealand Dollar Dips as Investors Await RBNZ Decision on May 28
The New Zealand dollar fell to around $0.6000 on Tuesday, following a volatile Monday session where it briefly reached its highest level in nearly seven months.
Now, all eyes are on the Reserve Bank of New Zealand’s upcoming policy announcement on Wednesday.
The central bank is widely expected to cut interest rates for the sixth time in a row, possibly lowering the official cash rate by 25 basis points to 3.25%.
Market participants will also pay close attention to the bank’s latest economic forecasts, looking for clues about how China Trade Tariffs could affect future growth.
Meanwhile, NZDUSD remains below the Daily Pivot Point, signaling a higher likelihood of further declines ahead of the RBNZ rate decision, as seen in the chart.
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❤️
The New Zealand dollar fell to around $0.6000 on Tuesday, following a volatile Monday session where it briefly reached its highest level in nearly seven months.
Now, all eyes are on the Reserve Bank of New Zealand’s upcoming policy announcement on Wednesday.
The central bank is widely expected to cut interest rates for the sixth time in a row, possibly lowering the official cash rate by 25 basis points to 3.25%.
Market participants will also pay close attention to the bank’s latest economic forecasts, looking for clues about how China Trade Tariffs could affect future growth.
Meanwhile, NZDUSD remains below the Daily Pivot Point, signaling a higher likelihood of further declines ahead of the RBNZ rate decision, as seen in the chart.
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❤️
Trade closed: target reached
NZDUSD : 40 pips down from 0.5963 to 0.5923 :)
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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.