NZDUSD 04-01-2018 Intra-day analysis.

USD rebounds on FOMC minutes and ISM manufacturing

Posted on
NZDUSD 04.01.18

NZDUSD (0.7103): The New Zealand dollar closed with a doji session for the third consecutive day on Wednesday. Price action shows a potential exhaustion to the rally since mid-November, which saw prices rising from the lows near 0.68. The Kiwi dollar is looking bullish at the moment but with the breakout from the median line, we expect that the current momentum could result in price posting a lower high. Unless NZDUSD manages to break past the previous high we expect to see a decline to 0.7062 initially.

 

 

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John has over 8 years of experience specializing in the currency markets, tracking the macroeconomic and geopolitical developments shaping the financial markets. John applies a mix of fundamental and technical analysis and has a special interest in inter-market analysis and global politics.

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John has over 8 years of experience specializing in the currency markets, tracking the macroeconomic and geopolitical developments shaping the financial markets. John applies a mix of fundamental and technical analysis and has a special interest in inter-market analysis and global politics.

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