NZD/USD Price analysis: Eyes on technicals ahead of the jobs data – by fx_ross NZDUSD Technical Analysis
is NZD/USD is under pressure mid-week after reaching a high through 0.59 the figure. The US dollar was in recovery despite yesterday’s JOLTS data that suggested the US labour market has a way to go before it’s no longer adding significant inflation pressure, as analysts at ANZ Bank explained.
isn’t what we’d call low. These data can be quite volatile though, so we’re not counting any chickens yet.''As for the technical, the price is climbing a daily support line as follows:A break here opens risk to the trendline while a break higher will leave the bulls in control ahead of the Fed with eyes on the 0.59 figure again.
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