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NZD/USD bulls could be about to make a significant move

From fxstreet.com

NZD/USD is under pressure by some 0.2% and falling into the final stage of the North American session at month's end. The bird has travelled between a high of 0.6154 and a low of 0.6110 so far on Wednesday. ''The Kiwi is little-changed this morning after bouncing around in a fairly confined range overnight as markets continued to digest more hawkish messaging from central banks, higher than expected European inflation, and further weakness in equities and cryptocurrencies,'' analysts at ANZ Bank explained. The record-high inflation in parts of the world is compounding recession fears stalking markets on Wednesday ... (full story)

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  • Category: Technical Analysis