New Zealand Dollar / U.S. Dollar

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New Zealand Dollar / U.S. Dollar forum




NZDUSD The New Zealand Dollar (NZD) receives support from stronger Q1 Gross Domestic Product (GDP) data as well as a better-than-expected May Trade Surplus. Traders expect the Reserve Bank of New Zealand (RBNZ) to deliver only one more rate cut in the current easing cycle, likely to be fully priced in by November.

NZDUSD Fed officials still expect to reduce interest rates this year, but the timing remains uncertain as policymakers wait on coming trade deadlines and hope for more certainty about the scope of the tariffs. Financial markets have priced in nearly a 25% chance of a Fed rate cut in July, up from 12% a week ago, according to the CME FedWatch tool.

NZDUSD The NZD/USD pair trades in positive territory around 0.6050 during the early Asian session on Thursday. The US Dollar weakens against the Kiwi due to concerns about the future independence of the US Federal Reserve.


NZDUSD trade closed, I still do see more downwards movement coming
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NZDUSD selling using the yellow horizontal line as an area
of resistance .
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