NZDUSD could resume its uptrend once the current consolidation period ends.
NZDUSD has been climbing since mid-May. However, that rally has run out of steam and for the past few sessions the pair has traded sideways. That’s despite news last week of lower-than-expected GDP growth of 0.5% quarter/quarter in Q1.
The data imply that GDP growth this year could be...
Fundamental Australian Dollar Forecast: Neutral
AUD/USD bulls had a good week last week
Stronger Australian job creation and weaker US inflation took the pair up to two-month highs
However, a repeat performance looks like a big ask
EURUSD breakout attempt stifled by Fed, pushed down into support
As long as support in the 11100s holds, then a neutral to bullish bias is maintained
Barring a breakdown, the euro may look to consolidate the rally since April