NZDUSD Technical and Fundamental Analysis

NZDUSD Technical and Fundamental Analysis

Technical analysis:
Price tested a very strong resistance zone near 0.5665. Every time it was tested the price move down. The odds are that it can move down more today from this zone to 0.5625 ; 0.5607 and 0.5585

Fundamental analysis:
President Trump continues to threat all countries with tariffs.

U.S. President Donald Trump said he would impose reciprocal tariffs as soon as Wednesday evening , February 13th, on every country that charges duties on U.S. imports, in a move that ratchets up fears of a widening global trade war and threatens to accelerate U.S. inflation.

This could support the USD strength and can push NZDUSD down even more.

You may find more details in the chart!
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