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Hawkish RBNZ vibes to support NZD/USD?

by Joel Frank
3 August 2021
in Forex
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NZD/USD has been unable to recover back to pre-hawkish June FOMC levels, as has been the case with the majority of the rest of the G10 majors. However, owing to the comparatively hawkish stance of the RBNZ, which could hike rates later in the month, it seems possible that NZD/USD could break more convincingly back above 0.7000 and head back towards the 0.7100 over the next few weeks.

For more trading details, please check the hyperlinks with time stamp indicated from the video:

0:14 NZD/USD

Tags: FOMCNZDUSDRBNZ
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