1. As Wall Street opens positive, NZD/USD rises 0.57% to 0.5907, partially offsetting fears of a global economic slowdown.
2. US Dollar softens after hitting a six-month high, providing a tailwind for NZD/USD amid a lack of fresh US economic data.
3. Traders await key economic indicators next week, including US inflation data and New Zealand Retail Card Spending, for directional cues.
4. The New Zealand Dollar (NZD) stages a rebound against the US Dollar (USD), but it remains set to finish the week with losses. Fears of a global economic slowdown led by Europe and China dented investors’ mood during the European session, but Wall Street opened in the green. This bolstered the NZD/USD, which is trading at 0.5907, a gain of 0.57%.
⚡️Technical analysis⚡️
-The price line is below the EMA, the RSI is below 50, the cycle is sideways to accumulation, if the price line breaks out of the range, the downtrend will continue.
2. US Dollar softens after hitting a six-month high, providing a tailwind for NZD/USD amid a lack of fresh US economic data.
3. Traders await key economic indicators next week, including US inflation data and New Zealand Retail Card Spending, for directional cues.
4. The New Zealand Dollar (NZD) stages a rebound against the US Dollar (USD), but it remains set to finish the week with losses. Fears of a global economic slowdown led by Europe and China dented investors’ mood during the European session, but Wall Street opened in the green. This bolstered the NZD/USD, which is trading at 0.5907, a gain of 0.57%.
⚡️Technical analysis⚡️
-The price line is below the EMA, the RSI is below 50, the cycle is sideways to accumulation, if the price line breaks out of the range, the downtrend will continue.
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Comment:
⚡️NZD/USD holds above the 0.5900 area amid the declining US Treasury bond.
Comment:
⚡️The plan is right, follow me
