NZD

Oil Awaits Further Rise

The price of oil (US/OIL) is receiving positive momentum as the 50-day moving average continues to fluctuate positively around the level of 60.50, supporting our expectation of a continued upward trend. Today's trading expectations for oil are as follows:

Today's Trading Expectations:

Stop Loss: 59.80
Target 1: 61.00
Target 2: 61.50

Expected Trading Range: Between Support 59.80 and Resistance 62.00

General Trend Expected for Today: Bullish

Do you expect positive trading to continue or a downward correction? Share your opinion in the comments!

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1️⃣ Chinese Feb data out today

2️⃣ Retail sales & industrial production could move CNY, AUD, NZD

⁉️Will it signal a slowdown

🤓Watch USD/CNY closely

#forex #ForexFactory #CNY #AUD #NZD #ForexTrading

New Zealand Dollar Gains Amid Weak USD but Faces Headwinds 📈💰
The New Zealand dollar (NZDUSD) rose 0.41% to $0.571 on Monday as the US dollar weakened due to growing economic concerns.

📊 Market Drivers:

🔹 Weak USD: Concerns over US economic health pushed the dollar lower, benefiting the Kiwi.

🔹 China Concerns: Weaker-than-expected Chinese inflation data signaled deflationary risks, limiting NZD gains.

🔹 Trade Tensions: China's retaliatory tariffs on US agricultural goods added pressure, impacting NZD as China is a key trading partner.

🔹 Domestic Watch: Investors await RBNZ Deputy Governor Hawkesby’s speech and monitor the impact of Governor Adrian Orr’s unexpected resignation.

💬 Will the NZD maintain its strength, or will trade tensions and economic risks pull it back? Share your thoughts below! 👇📉 #NZD #Forex #Trading #MarketUpdate #CryptoMarketWatch
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