NZD/USD Nosedives Below 0.6500 Post RBNZ Rate Cut

Key Highlights The New Zealand Dollar declined heavily below the 0.6500 support against the US Dollar. Two bearish trend lines are forming with resistance near 0.6535 on the 4-hours chart of NZD/USD.The Reserve Bank of New Zealand reduced the official cash rate (OCR) from 1.5% to 1.0%.The US Initial Jobless Claims for the week ending August 03, 2019 might remain stable at 2...
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NZD/USD Could Accelerate Decline Below 0.6540

Key Highlights The New Zealand Dollar is in a strong downtrend below 0.6600 against the US Dollar.A major bearish trend line is forming with resistance at 0.6580 on the 4-hours chart of NZD/USD.The US Retail Sales in April 2019 declined 0.2% (MoM), whereas the forecast was +0.2%.The US Initial Jobless Claims for the week ending May 11, 2019 may slide from 228K to 220K. N...
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NZD/USD – Why 0.7320 is Significant for Kiwi Dollar?

Key Highlights The New Zealand Dollar is trading with a positive bias, but faces a major resistance near 0.7320 against the US Dollar. There are two bearish trend lines with resistance near 0.7320 formed on the 4-hours chart of NZD/USD. New Zealand Food Price Index in August 2017 rose 0.6%, compared with the last -0.2%. The US Producer Price Index for August 2017 ...
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NZDUSD – New Zealand Dollar Struggle To Continue Vs USD

Key Highlights The New Zealand dollar declined heavily this week against the US Dollar, and moved below 0.7150. The NZDUSD pair broke a major bullish trend line and support at 0.7140 on the 4-hours chart to open the gates for more downsides. The US Manufacturing Purchasing Managers Index (PMI) for Feb 2017 released by the Markit Economics recently posted a decline fr...
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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 – Recent Break Points toward More Gains

NZDUSD – Recent Break Points toward More Gains Key Highlights             New Zealand Dollar recently managed to break an important bearish trend line on the 4-hours chart, which cleared the way for more upsides. The pair also settled above the 100 simple moving average (4H), which is a positive sign. New Zealand Trade balance, released by Statistics New...
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NZDUSD Surged Higher and Looks Poised For Gains

NZDUSD Surged Higher and Looks Poised For Gains Key Highlights             New Zealand Dollar enjoyed a solid bullish run against the US Dollar and traded above a monster resistance area. The NZDUSD pair cleared a critical bearish trend line on the hourly chart, along with the 100 hourly moving average. New Zealand Producer Price Index Output released by t...
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AUDNZD – AUD May Break Down Against NZD

AUDNZD – AUD May Break Down Against NZD Key Highlights             The Aussie Dollar is enjoying decent gains against the New Zealand Dollar, but it may break an important support area to trade lower. There is an interesting looking triangle pattern formed on the hourly chart, which looks set for a break in the near term. Australian Wage Price Index rele...
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NZDUSD – Can Buyers Make It?

Key Highlights New Zealand Dollar gained bids recently against the US Dollar and challenged an important resistance area of 0.6790-0.6800. There is a contracting triangle pattern formed on the hourly chart, which is acting as a mover for the NZDUSD pair. In New Zealand, the ANZ Commodity Price released by the ANZ National Bank posted an increase of 6.9% in October 2015,...
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AUDNZD – Can Aussie Dollar Recover?

Key Highlights Aussie Dollar continued to suffer losses not only against the US Dollar, but also against others like the Kiwi Dollar. AUDNZD looks like set for move lower may be towards the 1.0500 support area. Australian Private Sector Credit released by the Reserve Bank of Australia posted an increase of 0.8% in September 2015, which was more than the forecast of 0.5%...
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