NZDUSD: Update Setup (American Session)
The trend is proving strong, but the market awaits the announcement of interest rates scheduled for tomorrow. The expectations of a rate cut is still strong, and if the RBNZ will cut them, we may see a major sell-off, while keeping intact the main bearish trend (M and W Time Frame).
Despite this important technical rebound, we do not have the elements to define it as a trend reversal at the moment.
Despite this important technical rebound, we do not have the elements to define it as a trend reversal at the moment.
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