NZDUSD – Kiwi Dollar Remains at Risk for Key Reasons

NZDUSD – Kiwi Dollar Remains at Risk for Key Reasons Key Highlights The New Zealand Dollar traded lower against the US Dollar recently, and was under a lot of bearish pressure. There was a monster bullish trend line formed on the 4-hours chart of the NZDUSD pair, which was surpassed by sellers during the recent losses. The NZDUSD pair also traded below the 100 sim...
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NZDUSD – Increased Bullish Bias For Kiwi Dollar

NZDUSD – Increased Bullish Bias For Kiwi Dollar Key Highlights The New Zealand dollar enjoyed a decent upside move against the US Dollar and looks set for more upsides. There is a critical support formed on the downside for the NZDUSD pair in the form of a bullish trend line on the hourly chart. New Zealand Food Price Index (FPI) released by the Statistics New Zea...
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NZDUSD – Is This A Reversal In New Zealand Dollar?

NZDUSD – Is This A Reversal In New Zealand Dollar? Key Highlights New Zealand after a major break against the US Dollar failed to sustain gains, and moved down. The NZDUSD pair failed to stay above the 0.7100 level, as there was an increase in the bearish pressure. In New Zealand, the Business NZ PMI released by the Business NZ posted a rise from the last reading ...
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NZDUSD – Next Leg Higher Underway In Kiwi Dollar

NZDUSD - Next Leg Higher Underway In Kiwi Dollar Key Highlights New Zealand dollar spiked higher vs the US Dollar recently and traded above the 100 hourly simple moving average. The NZDUSD pair also broke a bearish trend line formed on the hourly chart to open the gates for more gains. In the US, the Manufacturing Purchasing Managers Index (PMI) will be released by ...
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NZDUSD – Can New Zealand Dollar Recover?

NZDUSD – Can New Zealand Dollar Recover? Key Highlights New Zealand Dollar after trading as low as 0.6715 against the US Dollar found buyers, and currently attempting a recovery. However, the NZDUSD pair is below the 100 and 200 simple moving averages on the 4-hours chart, which can be a concern for buyers. New Zealand Producer Price Index Out released by the Stat...
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NZDUSD – NZ Dollar May Remain Under Bearish Pressure

NZDUSD – NZ Dollar May Remain Under Bearish Pressure Key Highlights             New Zealand dollar struggled this week against the US Dollar and may continue to trade down. NZDUSD traded below the 0.6950 support area and also broke a major support trend line on the hourly chart. In New Zealand, the Employment Change released by the Statistics New Zealand...
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NZDUSD – Kiwi Dollar Eyeing More Losses?

NZDUSD – Kiwi Dollar Eyeing More Losses? Key Highlights             New Zealand Dollar after setting a short-term top against the US Dollar at 0.7050 started to move down. There is a descending channel pattern formed on the hourly chart of the NZDUSD pair, which is acting as a catalyst for the downside move. New Zealand Visitor Arrivals released by the ...
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NZDUSD – New Zealand Dollar Targets Fresh Highs

NZDUSD – New Zealand Dollar Targets Fresh Highs Key Highlights             New Zealand climbed higher against the US Dollar, and looks set for more gains in the near term. There is a major bullish trend line formed on the 4-hours chart, which can be seen as a support area for NZDUSD if it corrects lower. In New Zealand, the Food Price Index (FPI) release...
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NZDUSD – Downsides To Continue As Dollar Recovers?

NZDUSD – Downsides To Continue As Dollar Recovers? Key Highlights             New Zealand Dollar after a recovery against the US Dollar started to trade lower once again. There is a descending channel pattern formed on the hourly chart of the NZDUSD pair, which is acting as a reason for the downside move. Today, the New Zealand Trade Balance released by ...
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Can NZDUSD Pick Up After Retail Sales Report?

Can NZDUSD Pick Up After Retail Sales Report? Key Highlights             New Zealand Dollar was seen struggling against the US Dollar around the 0.6670-80 resistance area. There is a bullish trend line formed on the hourly chart, which may act as a support area for the NZDUSD pair moving ahead. New Zealand Retail Sales released by the Statistics New Zealan...
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