NZD/USD Price Analysis: Get set for a volatility expansion NZDUSD Fed Volatility ChartPatterns SupportResistance
economic data. The Kiwi asset is back inside the woods and is expected to display back-and-forth action till the release of the US Personal Consumption Expenditure Price Index data.trimmed to 101.40 after a responsive buying action as the odds of a small interest rate hike by the Federal Reserve are extremely solid.pattern that indicates volatility contraction. The New Zealand Dollar sensed demand after dropping to near the upward-sloping trendline plotted from January 19 low at 0.
For an upside move, the asset needs to surpass Wednesday’s high at 0.6530, which will drive the asset toward June 3 high at 0.6576. A breach of the latter will expose the asset to the round-level resistance at 0.6600. On the flip side, a breakdown below January 16 high at 0.6426 will drag the Kiwi asset toward January 17 low at 0.6366 followed by January 12 low around 0.6300.
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