NZDUSD Technical Analysis – The USD does the opposite of what it was supposed to do ...Middle East

Fundamental OverviewThe US Dollar is now lower across the board as the market erased most of the greenback’s gains following Trump’s victory. This has been a puzzling reaction as Trump’s policies are likely to spur growth and potentially end the Fed’s easing cycle earlier than expected. We can argue that the market was already positioned for a Trump’s victory as we saw the greenback rallying for a couple of weeks leading into the US election. So, this might just be a “sell the fact” reaction and the market might now need more to keep bidding the USD.Another possible explanation is that the market is more focused on global growth now and that’s generally bearish for the greenback. We saw some

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NZDUSD Technical Analysis – The USD does the opposite of what it was supposed to do ...Middle East

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