NZD/USD Price Analysis: Bears are hungry for a bird sandwich – by fx_ross NZDUSD Technical Analysis
inflation report. Forecasters have noted that still-surging core inflation pressures will see the Reserve Bank of New Zealand lift the OCR by 75bps at the November MPS. 0.5719 was the high, but the question is, ''will this be the high of the week?''From a daily perspective, while there is room for the upside to test the trend line resistance, the W-formation is bearish and would be expected to pull in the price, at least towards the neckline.
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