NZD/USD: stage looks set for a sharp rally

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 7, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    The NZD/USD could be heading significantly higher over the coming weeks. Not only have commodity prices rebounded across the board, but the RBNZ has also recently turned neutral while the US dollar is refusing to push higher despite improvement in economic data there. The RBNZ is meeting again on Wednesday and any hawkish comments will likely send the NZD further higher. But today we are not focusing on the fundamentals much. Instead, we are looking at the technical outlook for this pair.

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