Watch NZDUSD and AUDUSD because of RBNZ & RBA next week
The RBA and the RBNZ are expected to deliver rate decisions next week, so there might be an slight opportunity for the bulls to capture a move higher, before those Banks deliver. Also, the current weakness in DXY could give a small helping hand for the bulls. That said, the positivity might be short-lived, as both Banks are expected to announce cuts, with the RBNZ potentially going for the bigger 50 bps cut.
Let's see what happens.
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Let's see what happens.
AUDUSD NZDUSD AUDUSD NZDUSD 74.2% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK. Cryptocurrency CFDs and spread bets are restricted in the UK for all retail clients.
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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.