View full page at forexfactory.com

 

AUD and NZD Fundamental Forecast - Powell's Testimony to Have Major Impact on Aussie, Kiwi

From fxempire.com

The Australian and New Zealand Dollars finished lower last week with both currencies posting potentially bearish closing price reversal tops. The moves indicate the selling is greater than the buying at current price levels, but not necessarily a resumption of their weekly downtrends yet. What we could be seeing at this time is position adjustments in reaction to the uncertainty over whether the Federal Reserve will cut rates at the end of July or not. Furthermore, investors still aren’t sure if the Reserve Bank of Australia (RBA) or the Reserve Bank of New Zealand (RBNZ) will cut rates as soon as August or wait ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis