NZD/USD Price Analysis: Bulls step in and squeeze out shorts with eyes to 0.64s NZDUSD Technical Analysis
and a slight pullback in the USD DXY index ahead of key US CPI later today influenced positioning also.lies in US bond yields, which could keep rising if markets shy away from cuts,'' analysts at ANZ Bank argued.
''But that might be a lengthy process, and local bond yields are also rising. So it’s more balanced, but we do think it makes sense to plan forMeanwhile, the technicals played out as follows:We have a bullish inverse head and shoulders shaping up on the daily chart but the price is being resisted by a dominant trendline.Meanwhile, we had three days of shorts in the market and Monday trapped the ones that joined the party late only to be ushered out of the door by the bulls from the off.
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