FOREX TECHNICAL NEWS ANALYSIS:NZD/USD WAITING FOR REPORT BY RBNZ

NZD waiting for three major economic events Interest Rate Decision, RBNZ Monetary Policy Statement and RBNZ Rate Statement by Reserve Bank of New Zealand. The release of these news may cause a 100pips movement of NZD/XYZ pairs.

Now NZD/USD is the most suitable pair among the all NZD/XYZ pairs because of the speech by Jacob J. Lew. where he mentioned about the Ukrainian crisis.Under this condition USD may not be considered as a secure investment.Market expects that the all NZD economic will come better than expected because the forecasts are better than previous releases. The trend of NZD/USD will be determined by the economic events.