NZDUSD Analysis
NZDUSD is falling from the lower high area of the downtrend line in the daily timeframe chart. Expecting further fall on NZDUSD.
After the confirmation of downtrend movement, NZDUSD sell signal given.
NZDUSD reached the take profit target successfully.
New Zealand Dollar: Lockdown releasing in major cities
New Zealand Dollar shows declines of 1.5% from higher highs.
And New Zealand PM Ardern announced level 2 lockdown releasing in more cities, and Auckland is waiting for Scaling back from level 4 to Level 2 Lockdowns.
US Dollar shows dominant performance in Market as US Domestic data performed well.
China faced a real estate crisis and will impact imports from New Zealand, and it affected New Zealand Dollar in the short term.
US DOLLAR: FOMC meeting outlook
US Dollar index falling from the neckline of the Previous resistance level last day, and this week Building permits and Housing sector data is yet to publish, and also FOMC meeting is scheduled this week.
Now US Dollar going to stronger or weaker based on Speech from FED Powell & CO.
And US Senator Mnuchin delays the Joe Biden Votes to January 2022 as the Spending package remains delayed.
China crisis is once again favouring For US economy, and the US affected with covid-19 recovered by Vaccination.
But Now China affected by the Real estate crisis is more concerned about the Covid-19 issue. $300 billion Worth is not a cheaper value for China like a Developed country.
Due to this US Dollar becomes more robust as Demand creating high by China.
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