NZDUSD Analysis
NZDUSD is rebounding from the retest zone and the horizontal support area in the 4-hour timeframe chart.
After the confirmation of upward movement NZDUSD buy signal given.
NZDUSD has reached the take profit target successfully.
Don’t trade all the time, trade forex only at the confirmed trade setups.
Get more confirmed trade setups at Premium or Surpeme plan here: https://signal.forexgdp.com/buy/
New Zealand Dollar: NZ PM Jacinda Ardern Speech
New Zealand Dollar shows some consolidation due to Russian Army waiting for an Attack on Ukraine Borders.
And now the Russian President is calming down for a diplomatic solution rather than a War scenario.
China PPI and CPI data came at below expectations, and New Zealand Exports to China have increased month on month.
And New Zealand Prime minister Jacinda Ardern is waiting for releasing the further Border restrictions from march month onwards and 100% second Dose and Booster Dose completion of New Zealand Citizens.
US Dollar: US FED Rate hike Forecast
FED Maybe do 25 bps rate hikes as the Reuters Poll of 84 respondents said as the US has recovered from the pandemic time and hits all-time high of CPI 7.5% annually.
The 20 Respondents shows 50 bps rate hike is possible in March month Meeting due to Russian War and inflation hits peak reading.
Anyhow 1.25% to 1.50% rate hikes will be at the end of 2022 if possible and 2.25 to 2.50% by the end of 2023 end.
The FED Purchasing bonds cutting by $60 Billion is expected, and the $20 billion to $100 billion range is possible in upcoming months.
And USD stayed calm ahead of US retail sales data and FOMC meeting minutes.
US President Joe Biden Speech
US President Joe Biden addressed the nation and said Russia had stepped back military from Ukraine Borders in a bit of group and the US has not Verified till now.
Russia has to clear; US and NATO are not enemies for Russian Freedom and Stability. We did not harm any Russian cultures and politics in Ukraine.
If Russia attacks Ukraine, Human Cost is more, and US Armies will pay against Risks.
If Russia attacks Ukraine, then Severe sanctions have been imposed for Russia from US and Eurozone.
And the Nord 2 stream Pipeline has been stopped if Russia involves in War; energy prices will be soaring higher if a War-like scenario is created.
So, Russia has to understand NATO and its allies’ power; the US Does not stand at risk and will pay tomorrow if Russia Attacks start.
