Chapter 28 NZDCHF Back to the uptrend
18/11/2022
Summary
New Zealand interest rate decision drive the price up
Fundamental analysis
It's the weekend Next week we have major news in New Zealand It's the interest rate decision with the expectation for the New Zealand central bank to raise the interest rate by 0.75% point
On the other hand, we don't have any major coming news on the CHF
New Zealand Benchmark Interest Rate
Previous 3.5%
Expectation 4.25%
Date 23 NOV 2022
Technical analysis
As we see in the 4-hour chart diagram We have an uptrend formation we can know that by seeing the ABC structure pull back coming from the uptrend And the market start to do higher lows and higher highs With 20 moving average pointing up We expect on Monday market open with a gap down at 0.58347 And will continue the uptrend until the next supply zone at0.59634 
