NZDUSD Speculators Trapped. Forecast as of 02.07.2024

The lower the NZDUSD quotes fell, the more speculators opened long trades on the New Zealand dollar. However, sooner or later, they will realize where their stance will lead them. Let's discuss this topic and make a trading plan.Weekly New Zealand dollar fundamental forecastExaggerated expectations often turn into lost illusions. In June, the Reserve Bank of New Zealand's hawkish rhetoric allowed traders to forecast that the local cash rate would remain unchanged longer than the rates of other c