The NZD/USD has moved to short-term lows as cautious trading has started to affect behavioral sentiment while financial houses brace for risk-coming events.
has moved to short-term lows as cautious trading has started to affect behavioral sentiment while financial houses brace for risk-coming events.The NZD/USD is trading near the 0.64500 level as of this writing, having moved lower this morning after the currency pair touched a high of nearly 0.65075 yesterday.
Having achieved a rather comfortable bullish trend since the middle of October, the NZD/USD is maintaining its solid mid-term trend upwards.reversal is about to develop Support for the NZD/USD needs to be monitored around the 0.64350 to 0.64250 ratios, but even if those levels were to prove vulnerable bullish traders may be willing to seek buying positions while believing upwards momentum is going to be demonstrated sooner rather than later
is expected to raise interest rates by 0.25% again, but it is the U.S. central bank’s outlook regarding future rate hikes that will stir Forex including the NZD/USD.If the 0.64500 mark which is being fought over now is able to sustain its value, this could spark additional bullish behavior in the short-term.
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