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Here’s how NZD/USD price could drop 3.5% this week

By: Invezz
New Zealand dollar

Although the NZD/USD price closed the week in positive territory, the price created a bearish candlestick pattern that may facilitate a deeper pullback this week. Moreover, the rising number of new COVID-19 infections and dovish RBNZ may facilitate a deeper pullback.  Fundamental analysis: Bearish RBNZ, new COVID-19 infections on the rise again On Wednesday, the Reserve Bank of New Zealand (RBNZ) met and ultimately left its key interest rate at 0.25%. The bank reiterated a warning that the country’s growth was still at risk because of the current border closure. As a result, the RBNZ has joined its European and

The post Here’s how NZD/USD price could drop 3.5% this week appeared first on Invezz.

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