NZD/USD Bullish above 0.7320, EUR/USD and GBP/USD Surges Higher

Key Highlights The New Zealand Dollar made good ground recently and traded above 0.7400 against the US Dollar. There is a crucial bullish trend line forming with support at 0.7330 on the 4-hours chart of NZD/USD. The current price action is positive despite the recent drop from the 0.7437 high. New Zealand CPI in Q4 2017 increased 1.6%, less than the forecast of 1...
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NZDUSD – New Zealand Dollar Poised For Gains Vs US Dollar

Key Highlights The New Zealand Dollar recovered well from the 0.6909 low against the US Dollar. A monster descending channel with resistance at 0.6970 on the 4-hours chart of NZDUSD was broken, opening the doors for more gains. Today in New Zealand, the Consumer Price Index for Q1 2017 (YoY) released by the Statistics New Zealand posted an increase of 2.2%. Today ...
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NZDJPY – New Zealand Dollar Poised for Further Gains versus Yen

Key Highlights The New Zealand Dollar remained elevated against the Japanese yen with support at 82.00. There are two bullish trend lines positioned on the downside for NZDJPY to act as a support at 82.20 and 81.80. Today, the Consumer Price Index released by the Statistics New Zealand posted an increase of 0.4% in Q4 2016. In terms of the yearly change, there was...
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NZDUSD Crashes after NZ CPI

Key Highlights New Zealand Dollar crashed against the US Dollar, as an important economic release in New Zealand came below the forecast. New Zealand Consumer Price Index released by the Statistics New Zealand rose by 0.3% in the second quarter of 2015, compared with the forecast of 0.4%. New Zealand Business NZ PMI released by the Business NZ increased from the previou...
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