NZDUSD: Brace for Another Bearish Movement

NZDUSD: Brace for Another Bearish Movement

The NZDUSD pair has recently broken down from a minor bearish pattern near the 0.5750 level. With the US market reopening after a long weekend, the USD is expected to strengthen, increasing the likelihood of a downward movement for the NZDUSD, as illustrated in the chart.

Additionally, the Reserve Bank of New Zealand (RBNZ) is anticipated to cut interest rates by 50 basis points to 3.75% from the current 4.25% on February 19, 2025.
This rate cut could further support the bearish trend.

You may find more details in the chart!
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交易結束：目標達成