NZDCHF Fundamental Analysis – July 15th 2019

While New Zealand reported a further slowdown in its services sector, all attention today is on Chinese data. The second-quarter GDP decreased to the lowest level on record which took the headlines, but June economic data out of Asia’s largest economy pointed towards a rebound in economic activity despite the trade war the US started. The NZDUSD pressured resistance, but do bulls have the power for a breakout? Subscribe to the PaxForex Daily Fundamental Analysis where you will grow your account balance trade-by-trade.
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