By IFCMarkets
Falling credit card spending in New Zealand bearish for NZDUSD
New Zealand’s consumers cut credit spending in March: credit card spending fell 8.2% over year after 2.2% growth in February. This indicates deteriorating consumers’ confidence in financial prospects. This is bearish for NZDUSD.
Indicator | VALUE | Signal |
---|---|---|
RSI | Neutral | |
MACD | Sell | |
Donchian Channel | Neutral | |
MA(200) | Sell | |
Fractals | Sell | |
Parabolic SAR | Sell |
Summary of technical analysis
Order | Sell |
Buy stop | Below 0.5982 |
Stop loss | Above 0.6012 |
Market Analysis provided by IFCMarkets