NZD/USD: Lows as Tension Mounts and Volatility Anticipated

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NZD/USD: Lows as Tension Mounts and Volatility Anticipated
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$NZDUSD: Lows as Tension Mounts and Volatility Anticipated Forex Trading

Enter your emailNew long-term lows were made in the NZD/USD yesterday, as the Forex pair awaits impetus from the U.S Federal Reserve’s pronouncement this coming Wednesday.The NZD/USD hovered near the 0.64100 ratio yesterday and remains within the weakest part of its long term price range as of today.

However in January of this year the NZD/USD was trading momentarily near a low of around 0.64850 which highlights the forex pair has moved within these lower depths before and has managed to fight upwards. Downward pressure in the NZD/USD has certainly continued to make short term support vulnerable as new lows have been created. The near term will be volatile as financial houses react to the pronouncement of the U.S central bank which will be published on late Wednesday. The lows of March 2020 were made as coronavirus fears escalated two years ago. This hike has been digested into the Forex market already.

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