NZDUSD Analysis
NZDUSD is making a correction from the lower high area of the downtrend line in the daily timeframe chart.
After the confirmation of the Downward movement, the NZDUSD Sell signal is given.
NZDUSD Update
Fed Chair Powell says smaller interest rate hikes could start in December – this key speech makes the US dollar weaker. Due to this economic fundamental speech, USD becomes weaker in all currency pairs which leads this NZDUSD to reach the SL price. Fundamental economic news events are driving the market prices now.
Please note: In the forex market, technical works 80% of the time, and fundamental works 20% of the time. This time fundamental wins. Be patience and wait for the next good opportunity signal.
Don’t trade all the time, trade forex only at the confirmed trade setups.
Get more confirmed trade setups here: forexgdp.com/buy/
