The RBNZ announce rates this week and as discussed in our market outlook it is likely for them to
hold their plans on hiking rates with growing concerns over global economics. Recently Consumer Price Index fell
from 0.9% to 0.1% with Employment also sinking significantly, chances of a rate hike has started to diminish.
Looking at the chart technically the weekly chart closed significantly bearish sitting slightly above a key demand zone.
The current 4hr consolidation looks likely to break lower into the key demand zone. If the weekly chart can close
below the demand zone, we could see the bears really take control here.
hold their plans on hiking rates with growing concerns over global economics. Recently Consumer Price Index fell
from 0.9% to 0.1% with Employment also sinking significantly, chances of a rate hike has started to diminish.
Looking at the chart technically the weekly chart closed significantly bearish sitting slightly above a key demand zone.
The current 4hr consolidation looks likely to break lower into the key demand zone. If the weekly chart can close
below the demand zone, we could see the bears really take control here.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.