Before the Reserve Bank’s July meeting, the outlook for the New Zealand dollar looked bullish, but the RBNZ’s dovish rhetoric has caused a huge shock in the market. Let’s discuss this topic and make a trading plan for the NZDUSD pair.
Highlights and key points
The RBNZ did not rule out a rate hike at the previous meeting.
The central bank started talking about a rate cut in July.
A dovish reversal will cause the NZDUSD to collapse.
The pair may fail to stay in the 0.605-0.615 range if US inflation accelerates.
Weekly New Zealand dollar fundamental forecast
The Reserve Bank of New… Read full author’s opinion and review in blog of #LiteFinance
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