NZDUSD – New Zealand Dollar Under Heavy Selling Pressure Vs Dollar

NZDUSD – New Zealand Dollar Under Heavy Selling Pressure Vs Dollar Key Highlights The New Zealand dollar was crushed recently against the US Dollar for a move below 0.7000 and 0.6950. There was a critical bullish trend line on the 4-hours chart of NZDUSD, which was broken at 0.7140 to initiate a major downtrend. In New Zealand today, the Trade Balance released by ...
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NZDUSD – Can Kiwi Dollar Surpass 0.7160 Resistance Vs USD?

NZDUSD – Can Kiwi Dollar Surpass 0.7160 Resistance Vs USD? Key Highlights The New Zealand Dollar managed to stay in an uptrend against the US Dollar with support at 0.7080. There is a crucial bullish trend line formed on the 4-hours chart of NZDUSD, which may act as a support if the pair moves down. The pair is well above the 100 simple moving average on the same ...
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NZDUSD – New Zealand Dollar Faces Tough Task Ahead

NZDUSD – New Zealand Dollar Faces Tough Task Ahead Key Highlights The New Zealand Dollar traded lower recently below 0.7100 against the US Dollar, and remained under a bearish pressure. There is a bearish trend line on the 4-hours chart of NZDUSD, which may act as a hurdle for the pair near 0.7060-80. There is also a strong resistance near the same levels, waiting...
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NZDUSD – Can New Zealand Dollar Retain Traction Post RBNZ

NZDUSD – Can New Zealand Dollar Retain Traction Post RBNZ Key Highlights The New Zealand dollar after climbing a few pips above the 0.7400 level against the US Dollar failed. The NZDUSD pair is supported on the downside as long as the 0.7250 level is intact. Today, the RBNZ Interest Rate Decision was announced by the Reserve Bank of New Zealand, and the central ba...
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NZDUSD – New Zealand Gains As Unemployment Dips in NZ

NZDUSD – New Zealand Gains As Unemployment Dips in NZ Key Highlights The New Zealand dollar gained heavily during the past couple of hours and traded above the 0.7180 resistance. There is a bullish trend line formed on the 4-hours chart of NZDUSD, which can be seen as a buy zone on the downside. The New Zealand Employment Change released by the Statistics New Zeal...
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NZDUSD – Can New Zealand Dollar Remain In Uptrend Vs USD?

NZDUSD – Can New Zealand Dollar Remain In Uptrend Vs USD? Key Highlights The New Zealand Dollar moved below the 0.7200 support area recently against the US Dollar. There was a new weekly high formed at 0.7265 in the NZDUSD pair, where the sellers appeared. The pair then broke a bullish trend line formed on the hourly chart. The New Zealand Visitor Arrivals rele...
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NZDUSD – New Zealand Dollar Bearish Bias Intact Vs US Dollar

NZDUSD – New Zealand Dollar Bearish Bias Intact Vs US Dollar Key Highlights The New Zealand dollar declined heavily versus the US Dollar, and closed below 0.7200. There was a triangle pattern formed on the 4-hours chart of NZDUSD, which was broken to ignite a move below 0.7200. Today, the New Zealand Electronic Card Retail Sales reported by Statistics New Zealand ...
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NZDUSD – Perfect Example of Double Top Pattern

NZDUSD - Perfect Example of Double Top Pattern Key Highlights New Zealand dollar weakened a lot recently against the US Dollar and moved below 0.7400. There was a double top pattern formed on the hourly chart of the NZDUSD pair, which ignited a downside move. Today in New Zealand, the Food Price Index (FPI) released by the Statistics New Zealand posted a rise of 1.3...
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NZDUSD – New Zealand Dollar Targets Fresh Highs

NZDUSD - New Zealand Dollar Targets Fresh Highs Key Highlights The New Zealand dollar remains in an uptrend against the US dollar, and looks set for more gains. There is a monster bullish trend line on the 4-hours chart of the NZDUSD pair, providing support to the buyers. Today during the Asian session, the MNI China Business Sentiment Indicator was released. It ...
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NZDUSD – Next Leg Lower Underway For Kiwi Dollar?

NZDUSD - Next Leg Lower Underway For Kiwi Dollar? Key Highlights The New Zealand dollar after trading above 0.7250 against the US Dollar found sellers and moved down. The NZDUSD pair during the downside move broke a major bullish trend line formed on the 4-hours chart. The New Zealand Electronic Card Retail Sales as reported by Statistics New Zealand posted a rise o...
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