NZD/USD Could Correct Before Fresh Increase

Key Highlights The New Zealand Dollar recovered nicely above 0.6400 against the US Dollar. NZD/USD surpassed a major bearish trend line with resistance near 0.6340 on the 4-hours chart.The US NFIB Business Optimism Index decreased from 104.7 to 103.1 in August 2019.The US PPI could increase 0.1% in August 2019 (MoM), less than the last +0.2%. NZD/USD Technical Analysis ...
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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 Remains Supported Ahead of FOMC

Key Highlights The New Zealand Dollar traded towards 0.6880 and later corrected lower against the US Dollar. Earlier, there was a break below a key bullish trend line with support at 0.6810 on the 4-hours chart of NZD/USD. The US GDP in Q3 2018 (Prelim) grew 3.5%, similar to the market forecast. Today in the US, the FOMC Meeting Minutes will be released, which cou...
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NZD/USD Recovery Faces Resistance Near 0.6570

Key Highlights The New Zealand Dollar declined recently and traded towards 0.6500 against the US Dollar. There is a major bearish trend line formed with resistance at 0.6560 on the 4-hour chart of NZD/USD. The US Producer Price Index in August 2018 declined 0.1%, compared with the +0.2% forecast. Today, the US Consumer Price Index for August 2018 will be released,...
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Can NZD/USD Recover Further Above 0.6850?

Key Highlights The New Zealand Dollar formed a base near 0.6710 and moved higher against the US Dollar. The NZD/USD pair is attempting a close above a key bearish trend line with resistance at 0.6820 on the 4-hours chart . The US Manufacturing PMI in July 2018 (Prelim) increased from the last reading of 55.4 tom 55.5. The New Zealand Trade Balance in June 2018 pos...
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NZD/USD Accelerating Declines Below 0.7000

Key Highlights The New Zealand Dollar declined sharply and moved below the 0.7000 support against the US Dollar. There is a major bearish trend line forming with resistance at 0.7020 on the 4-hour chart of NZD/USD. The pair may decline further towards the 0.6900 support in the near term. Today, the US Producer Price Index for April 2018 will be released, which is ...
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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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Can NZD/USD Retain Gains Above 0.7000?

Key Highlights The New Zealand Dollar moved nicely recently and traded above 0.6950-80 resistance against the US Dollar. There is a short-term breakout pattern forming with support at 0.6980 on the 4-hours chart of NZD/USD. A break above 0.7030 is required for buyers to step up the bullish momentum. The ANZ Business Confidence in January 2018 increased to -37.8 fr...
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NZD/USD – New Zealand Dollar Sellers In Driver’s Seat Vs USD

Key Highlights The New Zealand Dollar made a downside move from the 0.7200 swing high against the US Dollar. There is a major bearish trend line forming with resistance at 0.6900-0.6920 on the 4-hours chart of NZD/USD. New Zealand’s Employment Change in Q3 2017 was 2.2%, compared with the forecast of 0.8%. Today in the US, the Fed Interest rate decision is sched...
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