NZDUSD Analysis: Upbeat New Zealand economic outlook bullish for NZDUSD

February 12, 2020

By IFCMarkets

Upbeat New Zealand economic outlook bullish for NZDUSD

New Zealand central bank’s forecasts for economy were more upbeat than last year while the bank kept interest rates unchanged. Will the NZDUSD continue rebounding?

IndicatorVALUESignal
RSINeutral
MACDBuy
Donchian ChannelBuy
MA(200)Buy
FractalsBuy
Parabolic SARBuy

 

Summary of technical analysis

OrderBuy
Buy stopAbove 0.6478
Stop lossBelow 0.6452

Market Analysis provided by IFCMarkets