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NZDUSD rollercoaster continues, what next for the volatile currency pair?

by Joel Frank
24 August 2021
in Forex
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Since breaking to the south of a long-term pennant structure at the start of last week as new Covid-19 infections thrust New Zealand back into lockdown (scuppering the RBNZ’s plans for a 25bps rate hike), NZDUSD has seen rollercoaster price action. Here is what could be next for the pair, which has already staged an impressive rebound since the start of the week.

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

0:18 NZD/USD

Tags: FOMCJerome PowellNZDUSDRBNZ
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