Overall, NZD/USD is ranging across. Recently, NZD/USD broke the resistance zone of 0.67100.
The Reserve Bank of New Zealand (RBNZ) will be announcing their monetary policy later at 0900 (GMT+8). It is expected that the central bank will be increasing interest rate by 0.25%. If the RBNZ carries out a rate hike of 0.50%, NZD will likely be bullish. Also, focus on the interest rate projection released in the quarterly monetary policy statement on whether any revisions have been carried out. An upwards revision in the expected interest rate in the near future will likely lead to a bullish NZD.
A press conference will be held at 1000 (GMT+8). During this time, volatility is expected in NZD.
NZD/USD’s next support zone is at 0.67100 and the next resistance zone is at 0.68400.
If the RBNZ delivers a hawkish tone, look for short-term buying opportunities of NZD/USD.
The Reserve Bank of New Zealand (RBNZ) will be announcing their monetary policy later at 0900 (GMT+8). It is expected that the central bank will be increasing interest rate by 0.25%. If the RBNZ carries out a rate hike of 0.50%, NZD will likely be bullish. Also, focus on the interest rate projection released in the quarterly monetary policy statement on whether any revisions have been carried out. An upwards revision in the expected interest rate in the near future will likely lead to a bullish NZD.
A press conference will be held at 1000 (GMT+8). During this time, volatility is expected in NZD.
NZD/USD’s next support zone is at 0.67100 and the next resistance zone is at 0.68400.
If the RBNZ delivers a hawkish tone, look for short-term buying opportunities of NZD/USD.
Join my mailing list jindaotai.com/joinme
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.
Join my mailing list jindaotai.com/joinme
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.