- \n
- Expectations have faded<\/strong>: Economic data released by the United States last week showed that U.S. price levels may remain high. Previous expectations of an interest rate cut in March may have been too aggressive. At the same time, several members of the Federal Reserve poured cold water on the market. Short-term US dollar sellers retreated and ushered in a rebound and appreciation. <\/li>\n\n\n\n
- The inflation is stubborn<\/strong>: At the end of last year, New Zealand Federal Reserve Chairman Orr said that although New Zealand\u2019s neutral interest rate has reached 2.5%, core inflation is still too high. Short-term monetary policy will not change, but unexpectedly sluggish economic growth in the third quarter of 2023 may allow the New York Fed to cut interest rates before this fall. <\/li>\n<\/ul>\n\n\n\n
Technical Analysis\u00a0<\/strong><\/h2>\n\n\n\n
Daily Chart Insights\u00a0<\/mark><\/strong><\/h3>\n\n\n
\n![\"\"](\"https:\/\/www.umtradings.com\/vn\/wp-content\/uploads\/sites\/16\/2024\/01\/1-12-1.jpg\")
<\/figure>\n<\/div>\n\n\n- \n
- Stochastic Oscillator<\/strong>: The indicator enters the oversold area and begins to struggle, suggesting that the current short power may subside and be wary of a rebound in the trend. <\/li>\n\n\n\n
- Price Action<\/strong>: The exchange rate formed two consecutive doji bars below the green 240-day moving average, and then the price fell below the doji low yesterday. This means that the bears once again have the upper hand, and the probability of the exchange rate continuing to fall today increases. <\/li>\n<\/ul>\n\n\n\n
1-hour Chart Analysis\u00a0<\/mark><\/strong><\/h3>\n\n\n
\n![\"\"](\"https:\/\/www.umtradings.com\/vn\/wp-content\/uploads\/sites\/16\/2024\/01\/2-12.jpg\")
<\/figure>\n<\/div>\n\n\n- \n
- Stochastic Oscillator<\/strong>: The oversold area of the indicator sends a bull signal, suggesting that the exchange rate may face a rebound or consolidation during the Asian session. Wait for another short signal and then focus on selling opportunities. <\/li>\n\n\n\n
- Flag-shaped range<\/strong>: The exchange rate began to rebound since last Wednesday, forming a flag-shaped range around the blue 17-period moving average. After the exchange rate falls below the range, it may fall back to the range and the 17-period moving average. <\/li>\n<\/ul>\n\n\n\n
Pivot Indicator\u00a0<\/mark><\/strong><\/h3>\n\n\n
\n![\"\"](\"https:\/\/www.umtradings.com\/vn\/wp-content\/uploads\/sites\/16\/2024\/01\/3-12-1.jpg\")
<\/figure>\n<\/div>\n\n\n- \n
- According to the trading central in Ultima Markets APP, the central price of the day is established at 0.6088, <\/li>\n\n\n\n
- Bullish Scenario<\/strong>: Bullish sentiment prevails above 0.6088, first target 0.6107, second target 0.6117; <\/li>\n\n\n\n
- Bearish Outlook<\/strong>: In a bearish scenario below 0.6088, first target 0.6049, second target 0.6039. <\/li>\n<\/ul>\n\n\n\n
Conclusion<\/strong> <\/p>\n\n\n\n
To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you with valuable insights to empower your financial journey. <\/p>\n\n\n\n
For personalized guidance tailored to your specific financial situation, please do not hesitate to contact Ultima Markets. <\/p>\n\n\n\n
Join Ultima Markets today and access a comprehensive trading ecosystem equipped with the tools and knowledge needed to thrive in the financial markets. <\/p>\n\n\n\n
Stay tuned for more updates and analyses from our team of experts at Ultima Markets. <\/p>\n\n\n\n
—– <\/p>\n\n\n\n
Legal Documents<\/em><\/strong> <\/p>\n\n\n\n
Ultima Markets, a trading name of Ultima Markets Ltd, is authorized and regulated by the Financial Services Commission “FSC” of Mauritius as an Investment Dealer (Full-Service Dealer, excluding Underwriting) (license No. GB 23201593). The registered office address: 2nd Floor, The Catalyst, 40 Silicon Avenue, Ebene Cybercity, 72201, Mauritius.<\/em> <\/p>\n\n\n\n
Copyright \u00a9 2023 Ultima Markets Ltd. All rights reserved.<\/em><\/strong> <\/p>\n\n\n\n
Disclaimer\u202f\u202f<\/em><\/strong> <\/p>\n\n\n\n
Comments, news, research, analysis, price, and all information contained in the article only serve as general information for readers and do not suggest any advice. Ultima Markets has taken reasonable measures to provide up-to-date information, but cannot guarantee accuracy, and may modify without notice. Ultima Markets will not be responsible for any loss incurred due to the application of the information provided.\u202f<\/em>\u00a0<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the NZDUSD for 23rd January 2024.\u00a0 Key Takeaways\u00a0 Technical Analysis\u00a0 Daily Chart Insights\u00a0 1-hour Chart Analysis\u00a0 Pivot Indicator\u00a0 Conclusion To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]<\/p>\n","protected":false},"author":13,"featured_media":6583,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[6,61,11],"tags":[119,47],"class_list":["post-6554","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-market_outlook","category-technical-analysis","tag-new-zealand","tag-nzdusd"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/posts\/6554","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/comments?post=6554"}],"version-history":[{"count":0,"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/posts\/6554\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/media\/6583"}],"wp:attachment":[{"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/media?parent=6554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/categories?post=6554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/tags?post=6554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
- Bearish Outlook<\/strong>: In a bearish scenario below 0.6088, first target 0.6049, second target 0.6039. <\/li>\n<\/ul>\n\n\n\n
- Flag-shaped range<\/strong>: The exchange rate began to rebound since last Wednesday, forming a flag-shaped range around the blue 17-period moving average. After the exchange rate falls below the range, it may fall back to the range and the 17-period moving average. <\/li>\n<\/ul>\n\n\n\n
- Price Action<\/strong>: The exchange rate formed two consecutive doji bars below the green 240-day moving average, and then the price fell below the doji low yesterday. This means that the bears once again have the upper hand, and the probability of the exchange rate continuing to fall today increases. <\/li>\n<\/ul>\n\n\n\n
- The inflation is stubborn<\/strong>: At the end of last year, New Zealand Federal Reserve Chairman Orr said that although New Zealand\u2019s neutral interest rate has reached 2.5%, core inflation is still too high. Short-term monetary policy will not change, but unexpectedly sluggish economic growth in the third quarter of 2023 may allow the New York Fed to cut interest rates before this fall. <\/li>\n<\/ul>\n\n\n\n