The risk of a second wave of coronavirus is more likely to put pressure on rates. Risky assets are supported by fiscal and monetary stimulus.
Tag - nzd - new zealand dollar
NZD/CAD has reached a 200-week MA (0.8950) and formed a “shooting star” candlestick on the D1. On the H4, we see a lower high.
NZD/CAD rose above the key resistance of 0.88. What lies above?
If NZD/CAD keeps the inner logic of movement it has been on since the beginning of May, we are going to see a shift very soon. What will it be?
Today at 5:00 MetaTrader time the Reserve Bank of New Zealand will publish the rate statement. What do we need to expect?
The Reserve Bank of New Zealand will make the monetary policy statement on June 24 at 5:00 MT time.
The fresh data from New Zealand and Australia will be released tomorrow morning! Follow up!
What are the key technical levels for the main pairs? Check the article to set yourself for this day's trends.
Global indices are going down as the market gets triggered by the news on coronavirus from the USA and China…
The Forex market is more risk-on compared to the previous days, hence the US dollar has given up some of its positions.
Last week NZD/USD once again met resistance in the 0.6155 area. As you can see from the chart, this area stopped the pair twice before within the recent month.
The New Zealand dollar seems to be tipping out against the USD. Will that be another full cascade downwards?