Yesterday, as anticipated, yesterday we saw short term strength in the USD, before bouncing back to retest the day’s high. This highlights the importance to hold firm, identifying and trading with the predominant trend.
Unfortunately, with only the UK Annual Budget Release and the US CPI data to be released this evening, it could be likely that we’ll see continual USD weakness, especially in the NZDUSD, if price breaks above the 0.7330 resistance.
Unfortunately, with only the UK Annual Budget Release and the US CPI data to be released this evening, it could be likely that we’ll see continual USD weakness, especially in the NZDUSD, if price breaks above the 0.7330 resistance.
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