NZD/USD – Monster Bullish Break Sighted For NZD on Weekly Chart

Key Highlights The New Zealand Dollar after forming a base near 0.6850 against the US Dollar started an uptrend. The NZD/USD pair has cleared two important bearish trend lines on the weekly chart at 0.7150 to signal a major bullish trend. Today in New Zealand, the Gross Domestic Product for Q1 2017 released by the Statistics New Zealand posted an increase of 0.5%. ...
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NZD/USD – New Zealand Dollar Is Increasingly Bullish Vs USD

Key Highlights The New Zealand Dollar has formed a medium term bullish trend above 0.7100 against the US Dollar. There are two important bullish trend lines with support at 0.7100 and 0.7030 formed on the 4-hours chart of NZD/USD. Today in New Zealand, the Manufacturing sales for Q1 2017, released by Statistics New Zealand posted a decline of 0.3%. Today, the Euro...
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NZD/USD – New Zealand Dollar Turns Bullish Vs US Dollar

Key Highlights The New Zealand Dollar broke a monster resistance at 0.6950 against the US Dollar to move into the bullish zone. The NZD/USD pair cleared an ascending channel pattern with resistance at 0.6980 to set the pace for more gains. Today in New Zealand, the Trade Balance for April 2017 released by the Statistics New Zealand posted a trade surplus of $572M, mo...
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NZDUSD – New Zealand Dollar Downtrend Remains Intact

Key Highlights The New Zealand Dollar’s continuous failure to break 0.7050 against the US Dollar ignited a downside wave. There are two crucial bearish trend lines with resistance around 0.6920 on the 4-hours chart of NZDUSD. Today in New Zealand, the Electronic Card Retail Sales for April 2017 (MoM) reported by Statistics New Zealand registered a rise of 1.1%. ...
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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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NZDUSD – Can New Zealand Dollar Declining Streak Come To End?

Key Highlights The New Zealand dollar started a nasty decline after a failure to break the 0.7080 resistance against the US Dollar. There is a monster descending channel pattern with current resistance at 0.6970 formed on the 4-hours chart of NZDUSD. In New Zealand, the Electronic Card Retail Sales for March 2017 (MoM) reported by Statistics New Zealand posted a decl...
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NZDUSD – Can New Zealand Dollar Hold 100 SMA Vs USD?

Key Highlights The New Zealand Dollar recovered well from 0.6880 against the US Dollar, and now facing resistance near 0.7080. The NZDUSD pair recently failed to break a bearish trend line with resistance at 0.7060 on the 4-hours chart. The New Zealand Building Permits for Feb 2017 (MoM) released by the Statistics New Zealand posted a rise of 14%. Today, the US Pe...
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NZDUSD – Can New Zealand Dollar Retain Momentum Vs USD?

Key Highlights The New Zealand dollar after a dip towards the 0.6890 level against the US Dollar found support. The NZDUSD pair moved higher, and broke two bearish trend lines at 0.6920 and 0.7000 on the 4-hours chart. Today, the New Zealand Visitor Arrivals figure for Feb 2017 (YoY) released by the Statistics New Zealand posted a rise of 1.8%. Later today, the UK...
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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 – New Zealand Dollar May Attempt To Reclaim 0.7250

Key Highlights The New Zealand dollar after dropping towards 0.7130 against the US dollar found support. The NZDUSD pair consolidated for some time before breaking a channel resistance at 0.7185 on the 4-hours chart. Today in New Zealand, the Retail Sales figure for Q4 2016 released by the Statistics New Zealand posted an increase of 0.8%, compared with the 1.1% fore...
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