- Analytics
- News and Tools
- Market News
- NZD/USD: Move lower looks ominous from a technical perspective – ANZ
NZD/USD: Move lower looks ominous from a technical perspective – ANZ
NZD/USD has broken lower. Economists at ANZ Bank see an ominous outlook for the kiwi.
Break out of the ‘bearish pennant’ now confirmed
“NZD trading ranges have become tighter and tighter over the past week or so, and the daily move lower looks ominous from a technical perspective, with a break out of the ‘bearish pennant’ now confirmed.”
“Irrespective of technicals, the big story is (as it has been for a while), the USD’s refusal to budge from lofty levels despite fears that Fed tightening will slow the US economy.”
“We get local confidence data later this week, but both business and consumer sentiment have already tanked, and there doesn’t seem to be a lot for the NZD to cheer about.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
