NZD/USD Outlook (24 November 2021)
Overall, NZD/USD is trending downwards.
The Reserve Bank of New Zealand (RBNZ) will be announcing its monetary policy decision later at 0900 (GMT+8). It is expected that the central bank will be hiking interest rates. If the RBNZ decides to hike the interest rate by 0.25%, the New Zealand dollar may strengthen briefly for a short period of time before weakening. However, if the central bank decides to hike the rate by 0.50%, the strengthening of the New Zealand dollar may be more sustainable.
The RBNZ will also be holding a press conference at 1000 (GMT+8). During this time, volatility is expected in NZD.
Currently, NZD/USD is testing the support zone of 0.69500 and the next resistance zone is at 0.71000.
If the RBNZ delivers a dovish tone, wait for NZD/USD to break the support zone before looking for short-term selling opportunities. However, if the RBNZ delivers a hawkish tone, look for buying opportunities of NZD/USD if it bounces off the support zone.
The Reserve Bank of New Zealand (RBNZ) will be announcing its monetary policy decision later at 0900 (GMT+8). It is expected that the central bank will be hiking interest rates. If the RBNZ decides to hike the interest rate by 0.25%, the New Zealand dollar may strengthen briefly for a short period of time before weakening. However, if the central bank decides to hike the rate by 0.50%, the strengthening of the New Zealand dollar may be more sustainable.
The RBNZ will also be holding a press conference at 1000 (GMT+8). During this time, volatility is expected in NZD.
Currently, NZD/USD is testing the support zone of 0.69500 and the next resistance zone is at 0.71000.
If the RBNZ delivers a dovish tone, wait for NZD/USD to break the support zone before looking for short-term selling opportunities. However, if the RBNZ delivers a hawkish tone, look for buying opportunities of NZD/USD if it bounces off the support zone.
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.