NZDUSD – New Zealand Gains As Unemployment Dips in NZ

NZDUSD – New Zealand Gains As Unemployment Dips in NZ Key Highlights The New Zealand dollar gained heavily during the past couple of hours and traded above the 0.7180 resistance. There is a bullish trend line formed on the 4-hours chart of NZDUSD, which can be seen as a buy zone on the downside. The New Zealand Employment Change released by the Statistics New Zeal...
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NZDUSD – Can New Zealand Dollar Remain In Uptrend Vs USD?

NZDUSD – Can New Zealand Dollar Remain In Uptrend Vs USD? Key Highlights The New Zealand Dollar moved below the 0.7200 support area recently against the US Dollar. There was a new weekly high formed at 0.7265 in the NZDUSD pair, where the sellers appeared. The pair then broke a bullish trend line formed on the hourly chart. The New Zealand Visitor Arrivals rele...
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NZDUSD – New Zealand Dollar Bearish Bias Intact Vs US Dollar

NZDUSD – New Zealand Dollar Bearish Bias Intact Vs US Dollar Key Highlights The New Zealand dollar declined heavily versus the US Dollar, and closed below 0.7200. There was a triangle pattern formed on the 4-hours chart of NZDUSD, which was broken to ignite a move below 0.7200. Today, the New Zealand Electronic Card Retail Sales reported by Statistics New Zealand ...
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NZDJPY – 81.00 Remains Significant Barrier

Key Highlights             New Zealand Dollar corrected higher against the Japanese Yen after trading as low as 79.90. The NZDJPY pair is currently facing a tough resistance near the 81.00 area as the 100 moving average (4-hours) is sitting around it along with a bearish trend line. New Zealand Electronic Card Retail Sales as reported by Statistics New Zeal...
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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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NZDUSD Tumbled As Sellers Gain Control

Key Highlights New Zealand Dollar moved sharply lower against the US Dollar to trade near 0.6740-30. A bearish trend line on the hourly chart prevented gains and ignited a downside reaction. New Zealand Visitor Arrivals released by the Statistics New Zealand posted an increase of 12.2% in September 2015, which was a lot of more when compared with the last rise of 7.4%. ...
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NZDUSD – Possible Trend Change?

Key Highlights New Zealand Dollar spiked higher recently against the US Dollar, and moved higher. It looks like that sellers were outpaced by buyers and there are chances of the move to be a trend change. New Zealand NZIER Business Confidence released by the New Zealand Institute of Economic Research declined by 14% in Q3 2015, which was a lot lower when compared with t...
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AUDNZD – Next Leg Lower Underway?

Key Highlights Aussie Dollar looks like struggling against the New Zealand Dollar, and might continue to trade lower. 0970 holds the key for more losses, as a break below it might call for more downsides. Australian Building Permits released by the Australian Bureau of Statistics declined by 6.9% in August 2015, compared with the forecast of a 2% decline. AUDNZD Tech...
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NZDUSD Crushed After RBNZ Cuts Rate

Key Highlights New Zealand Dollar was crushed earlier during the Asian session against most major currencies. RBNZ Interest Rate Decision was the reason, as the central bank reduced the interest rates from 3% to 2.75% as expected. New Zealand Electronic Card Retail Sales as reported by Statistics New Zealand posted an increase of 4.2% in August 2015, compared to August ...
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NZDUSD – New Zealand Dollar Likely to Hit Fresh Lows

Key Highlights New Zealand Dollar continued to decline against the US Dollar, as sellers seem to be in control. NZDUSD traded towards 0.6300 where buyers managed to defend the downside. New Zealand ANZ Commodity Price released by the ANZ National Bank decreased by 5.2% in August 2015, compared with the last revised decline of 5.5%. In Australia, the Gross Domestic Pro...
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