Recent economic data indicates that New Zealand's producer prices (PPI) have surpassed expectations, which is bolstering the strength of the NZD. The inflation in the Eurozone is relatively low and is not expected to have a significant impact. This will result in a stronger New Zealand dollar compared to the euro.
Furthermore, Price Action has successfully surpassed the latest Resistance Level at 1.7559, establishing it as the most recent Support Level.
Nevertheless, the technical indicators on the 4-hour chart continue to indicate a downward trend, aligning with the overall trend on the higher time frame.
This trade carries a significant level of risk, as it goes against the prevailing downtrend.
Furthermore, Price Action has successfully surpassed the latest Resistance Level at 1.7559, establishing it as the most recent Support Level.
Nevertheless, the technical indicators on the 4-hour chart continue to indicate a downward trend, aligning with the overall trend on the higher time frame.
This trade carries a significant level of risk, as it goes against the prevailing downtrend.
Professor C. E. Ward
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Professor C. E. Ward
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。