Analysis of the New Zealand dollar by the Mallicast team.

٢٢ أغسطس ٢٠٢٤

The New Zealand dollar, showing price compression on the weekly timeframe, indicates a potential rapid movement in the future. The chart forms a wedge pattern, suggesting that price acceleration could occur in either direction. This movement is possible given the fluctuations in the dollar index and New Zealand's monetary policies, which fall within the commodity category in the market.