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NZDUSD eyeing break above short-term bearish trend channel after strong jobs data

by Joel Frank
5 May 2021
in Forex
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Having found support just to the north of the 0.7100 level earlier this week, NZDUSD is eying a break out to the north of a recent bearish trend channel. Strong jobs data overnight, which reinforced expectations that the RBNZ will be one of the earlier G10 central banks to start normalising interest rates, has helped the kiwi to strengthen on the day.

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

0:12 NZD/USD

Tags: NFPNZDUSDRBNZ
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