Chapter 41 Is NZDUSD going down !!!
20/12/2022
Summary
USA Federal Reserve Bank hikes Lead the market
Fundamental analysis
Federal Reserve Chairman Jerome Powell affirmed in no uncertain terms last week that the fight against inflation will continue next year with more rate hikes, even though they will probably be smaller than the four 75-bp hikes this year
Technical analysis
In the 4H diagram chart, We see the trend trying to change to the downtrend by breaking the anchors of the 4Hchart creating new support at 0.63930, The price is now trading at 0.63430, We expect the market will pull up to the previous support zone and go down to the last zone demand at 0.62000.
Trading Recommendation
Trading Direction: Short
Entry Price: 0.63850
Target Price:0.62032
Stop Loss:0.64746
