- The U.S. economy still needs support, it still has a long way to go before it reaches target levels;
- Expects the economy to bounce back strongly in the fall and then slow down;
- Refuses to answer when she expects rate hikes to begin; "we will need a lot of patience."
- Doesn't note much pressure on wages at all;
- We're not going to roll back stimulus in advance;
- We will wait until inflation reaches target levels on a sustainable basis;
- Inflation may be too low rather than too high in the next 10 years.
NZD/USD, 30 min
Pivot: 0.6981
Analysis:
Provided that the currency pair is traded above 0.6950, follow the recommendations below:
- Time frame: 30 min
- Recommendation: short position
- Entry point: 0.6981
- Take Profit 1: 0.7020
- Take Profit 2: 0.7039
Alternative scenario:
In case of breakout of the level 0.6950, follow the recommendations below:
- Time frame: 30 min
- Recommendation: long position
- Entry point: 0.6950
- Take Profit 1: 0.6918
- Take Profit 2: 0.6899
Comment:
RSI shows the possibility of an uptrend during the day.
Key levels:
Resistance Support
0.7058 0.6950
0.7039 0.6918
0.7020 0.6899
NZD/USD, D1
Pivot: 0.7066
Analysis:
While the price is below 0.7312, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.7066
- Take Profit 1:0.6787
- Take Profit 2:0.6654
Alternative scenario:
In case of breakout of the level 0.7312, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.7312
- Take Profit 1: 0.7538
- Take Profit 2: 0.7673
Comment:
RSI shows a downtrend in the medium term.
Key levels:
Resistance Support
0.7673 0.6787
0.7538 0.6654
0.7312 0.6520
USD/JPY Forecast Fundamental Analysis | US Dollar / Japanese Yen
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