NZD/USD finding trendline support, may rise on rate hike


The New Zealand dollar is finding support at the downtrend line that goes back to 2011. Next week the RBNZ is expected to hike rates from 2.75% to 3%, which means NZD may gain some strength as a result and could be why we are not making a lot of progress to the downside. We have entered long with a small size.

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