Sforex

NZDUSD next week : Eye on RBNZ Interest Rate decision.

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
193 1 1
The main focus regarding NZDUSD             next week is: RBNZ Interest Rate decision. NZ             economic data recent weeks showed optimistic signals, and this will support for rate hike decision.

If RBNZ decides to hike rate first time from 2011, it would be the first tightening by a major central bank since the global financial crisis.

I hope RBNZ would choose the rate hike option.

If they do that, NZDUSD             would reach to 0.86 level. Why 0.86 level ?. Because it is the Gann Square Nine number.

In Technical Analysis , there are two things which they never lie you : Fibonacci number and Gann number : Never and Ever lie you.

You can see on the chart: 0.77, 0.81 is also two levels of Gann Square Nine , and N/U respects those levels strongly.

Wait and observe RBNZ Meeting.
Thanks. I'll be catious on Wednesday evening.
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