NZD/USD: FUNDAMENTAL ANALYSIS+PRICE ACTION & NEXT TARGET|LONG🔔

New Zealand Retail Sales for the second quarter increased 3.3% quarterly and 33.3% annualized. Forex traders can compare this to New Zealand Retail Sales for the first quarter, which increased 2.8% quarterly and 6.6% annualized.

US New Home Sales for July are predicted to increase 3.0% monthly to 700K new homes. Forex traders can compare this to US New Home Sales for June, which decreased 6.6% monthly to 676K new homes.

The forecast for the NZD/USD turned bullish after price action completed its sell-off and started to recover.
Can bulls rally the NZD/USD and pressure this currency pair into its next horizontal resistance area ?

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