📊TECHNICAL ANALYSIS ON 1-HOUR TIMEFRAME
NZDUSD is trading in the descending channel. Price is currently trading on the 0.59241 support level. And with my analysis, I am speculating that the NZDUSD is going to buy to 0.59548 resistance level. When it gets to that 0.59548 resistance level, it will also be great to lookout for sell opportunity because the 0.59548 resistance level is a dynamic level. On the 4-hourly chart, the market is basically consolidating, meaning that the price will bounce off between the trendline border and the market is already bouncing off the lower border.
📊QUICK FUNDAMENTAL LOOK
US 10-year treasury yields rose 0.6% on Tuesday, extending gains for the second straight session and scaling a 16-year high at 4.564%. Such gains came after the Federal Reserve issues official expectations that clearly pave the way for another interest rate hike this year.
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