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Daily Market Analysis By FXOpen
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[QUOTE="FXOpen Trader, post: 337973, member: 104606"] [B][SIZE=5]NZD/USD Technical Analysis: Bearish Start To News-heavy Week[/SIZE][/B] [img]https://i.imgur.com/hocxk13.jpeg[/img] After 8 consecutive days of growth, the price of NZD/USD is forming a bearish candle this morning, thereby indicating possible concerns among market participants at the beginning of a week full of important economic news: → On Wednesday, at 4:00 GMT+3, the RBNZ decision on interest rates will be published. There will also be a press conference by the leadership of the Central Bank. → On the same day, at 16:30 GMT+3, news about US GDP is expected. → On Thursday, at 16:30 GMT+3, inflation data in the United States will be published, namely Core PCE Price Index GMT+3. Note that in 2023, the NZD/USD price behaved bearishly, forming a downward channel (shown in red). [img]https://i.imgur.com/8juPDWC.png[/img] [B][URL="https://fxopen.com/blog/en/oa-nzd-usd-technical-analysis-bearish-start-to-news-heavy-week/?utm_source=tptforum&utm_medium=analysis&utm_campaign=resolve"]VIEW FULL ANALYSIS VISIT - FXOpen Blog...[/URL][/B] [I][B]Disclaimer:[/B] This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice. [/I] [/QUOTE]
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