The lower the NZDUSD quotes fell, the more speculators opened long trades on the New Zealand dollar. However, sooner or later, they will realize where their stance will lead them. Let’s discuss this topic and make a trading plan.
Weekly New Zealand dollar fundamental forecast
Exaggerated expectations often turn into lost illusions. In June, the Reserve Bank of New Zealand’s hawkish rhetoric allowed traders to forecast that the local cash rate would remain unchanged longer than the rates of other central banks. Together with the slowdown in the US economy, this allowed NZDUSD quotes to soar to their highest level… Read full author’s opinion and review in blog of #LiteFinance
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