New Zealand economy grew more than forecast in Q2: Statistics New Zealand reported New Zealand GDP grew 1.6% over quarter in Q2 after 1% decline in Q1, when an 0.5% increase was expected. This is bullish for NZDUSD. However the current setup is bearish for NZDUSD.
| Indicator | VALUE | Signal |
|---|---|---|
| RSI | Buy | |
| MACD | Sell | |
| Donchian Channel | Sell | |
| Fractals | Sell | |
| Parabolic SAR | Sell |
Summary of technical analysis
| Order | Sell |
| Buy stop | Below 0.7001 |
| Stop loss | Above 0.7090 |