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NZD/USD extends down trend, pressing MT channel support

Started by PocketOption, May 02, 2022, 06:53 am

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PocketOption

May 02, 2022, 06:53 am
NZD/USD extends down trend, pressing MT channel support

NZD/USD’s decline resumes today and hit as low as 0.6420 so far. The weakness in Kiwi is mainly due to external factors, rather than domestic ones. The economy remains strong while RBNZ is expected to continue with its tightening cycle. But the pace of rate hike would likely be outpaced by Fed’s. Additionally, concerns over […]


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