The NZD/USD surged over 1%, reclaiming the critical 100-Day Simple Moving Average (SMA), pushing the pair to 0.6050. This rebound follows a surprising rate cut by the Reserve Bank of New Zealand (RBNZ), which reduced the Official Cash Rate (OCR) by 25 basis points. The US Dollar, on the other hand, saw its upside limited as investors focused on potential Federal Reserve rate cuts. The near-term appeal of the New Zealand Dollar remains uncertain amidst global economic volatility, but this recent price action signals potential strength for the NZD/USD pair. This video analyzes the latest developments, market reactions, and what this means for traders moving forward.
#nzdusd #forex #forextrading #forextrader #forexstrategy #tradingstrategy
#tradingtips #trading
Website:
Instagram:
Facebook:
Twitter:
コメントを残す