NZD/USD advances ahead of FOMC minutes, USD weak
20.02.2024, 21:33

NZD/USD advances ahead of FOMC minutes, USD weak

  • The NZD/USD trades at 0.6168 with a 0.28% gain during Tuesday's session.
  • Markets await the FOMC minutes from January’s meeting.

In Tuesday's session, the NZD/USD was viewed at 0.6168, marking a modest gain of 0.28% mainly driven by a weak US Dollar.

In line with that, the US Dollar's strength has slightly declined as well as Treasury yields before the release of the Federal Open Market Committee (FOMC) minutes. These minutes, set for release in Wednesday’s session, hold market attention as they provide insights into the central bank's perspective on inflation and the potential need for policy adjustments. It's noteworthy that markets currently predict around four rate cuts in 2024, totaling to an estimated 100bps, set to start from June.

NZD/USD technical analysis

On the daily chart, the Relative Strength Index (RSI) recently turned neutral to positive, increasing from negative territory over the last few days. This suggests an uptick in buying activity as buyers regained some control from sellers. However, the RSI remains within positive territory indicating the market could still fluctuate from balanced to buyer-dominated conditions. The Moving Average Convergence Divergence (MACD) also suggests that the buyers are in command with its rising green bars.

The broader upward trend (evidenced by the pair being above the 20, 100, and 200-day Simple Moving Averages) further supports the bullish signals from the RSI and MACD.

NZD/USD daily chart

 

© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik