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 |
| Order | Sell |
| Buy stop | Below 0.5982 |
| Stop loss | Above 0.6012 |
Market Analysis provided by IFCMarkets