New Zealand Dollar at Clear Risk of Further Losses

Key Highlights New Zealand traded sharply lower against the US dollar, despite the latter one weakening against other currencies. RBNZ Interest Rate Decision announced by the Reserve Bank of New Zealand was a major risk event, which failed to help the Kiwi Dollar. NZDUSD Dived and traded below an important support area of 0.7650. RBNZ Aftermath Earlier during the ...
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NZDUSD Nosedives as Sellers Gain Control

Key Highlights New Zealand dollar was crushed against the US dollar after a speech by the Reserve Bank of New Zealand’s Assistant Governor John McDermott. NZDUSD breached the 0.7600 support area to test the 0.7580 hurdle. US Manufacturing Purchasing Managers Index (PMI) will be released by the Markit Economics today, which is expected to post a minor decline to 55.5. ...
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NZDUSD at A Critical Juncture

Key Highlights New Zealand dollar continued to stay on the top against the US dollar, but faces a major resistance ahead. NZDUSD forming a breakout pattern, which if breached to the upside might call for more gains. Earlier today, the Chinese Consumer Price Index was released by the National Bureau of Statistics of China, which posted a decline of 0.5% in March 2015. ...
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NZDUSD On Back Foot Post Trade Balance Report

Key Highlights NZDUSD was seen trading lower during the Asian session after an important economic release. New Zealand Trade balance report released by Statistics New Zealand registered a trade deficit of $-2.180B in February 2015, compared to the same month a year ago. NZDUSD dropped by around 30 pips to trade towards the 0.7635 support area. New Zealand Trade Balan...
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