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Jul 14 - 04:55 AM

NZD/USD's RBNZ-Inspired Rally Is Not Too Late To Catch

By Ewen Chew  —  Jul 14 - 02:36 AM
  • NZD/USD bounces hard as RBNZ declares end to bond buys nL4N2OP0YC

  • Strong recovery from 8-mth low as central bank caught mkt off-guard

  • But charts suggest the real rally may not have begun yet

  • Wed close above 0.7043 activates Bollinger uptrend channel

  • Bullish potential enhanced if 200 DMA at 0.7073 breaks

  • That would set it on course for 0.7200 psych barrier

  • For more click on FXBUZ



Source:
Refinitiv IFR Research/Market Commentary

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