NZDUSD Analysis: New Zealand current account deficit decline bullish for NZDUSD

June 17, 2020

By IFCMarkets

New Zealand current account deficit decline bullish for NZDUSD

New Zealand’s current account deficit narrowed in the first quarter: the current account deficit narrowed to $1.57 billion in Q1 from 2.77 billion in Q4 when a decline to 1.59 billion was expected. This is bullish for NZDUSD.

IndicatorVALUESignal
RSINeutral
MACDBuy
Donchian ChannelNeutral
MA(200)Sell
FractalsBuy
Parabolic SARBuy

 

Summary of technical analysis

OrderBuy
Buy stopAbove 0.6472
Stop lossBelow 0.6422

Market Analysis provided by IFCMarkets