New Zealand Retail Sales for the second quarter increased 3.3% quarterly and 33.3% annualized. Forex traders can compare this to New Zealand Retail Sales for the first quarter, which increased 2.8% quarterly and 6.6% annualized.
US New Home Sales for July are predicted to increase 3.0% monthly to 700K new homes. Forex traders can compare this to US New Home Sales for June, which decreased 6.6% monthly to 676K new homes.
The forecast for the NZD/USD turned bullish after price action completed its sell-off and started to recover.
Can bulls rally the NZD/USD and pressure this currency pair into its next horizontal resistance area ?
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US New Home Sales for July are predicted to increase 3.0% monthly to 700K new homes. Forex traders can compare this to US New Home Sales for June, which decreased 6.6% monthly to 676K new homes.
The forecast for the NZD/USD turned bullish after price action completed its sell-off and started to recover.
Can bulls rally the NZD/USD and pressure this currency pair into its next horizontal resistance area ?
Check the Links on BIO and If you LIKE this analysis, Please support our Idea by hitting the LIKE 👍 button
Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this.
Feel free to request any pair/instrument analysis or ask any questions in the comment section below.
Have a Good Day Trading !
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