NZDUSD Hovers Near Major Resistance

Key Highlights New Zealand Dollar after a monster decline found support near 0.6200 against the US Dollar. NZDUSD is correcting higher, but facing sellers around an important pivot area of 0.6500-40. New Zealand Trade Balance released by the Statistics New Zealand registered a trade deficit of $-649M, higher compared with the forecast of $-600M. In terms of the yearly...
Read More

NZDJPY Might Attempt For a New Low

Key Highlights New Zealand Dollar continued to move lower against most major currencies, including the US Dollar and the Japanese Yen. NZDJPY looks like heading towards the last low of 82.83, and might create a new low moving ahead. New Zealand Building Permits figure released by the Statistics New Zealand posted no change in May 2015, compared with the preceding month....
Read More

NZDUSD – Sellers Remain Active

Key Highlights New Zealand Dollar after a monstrous decline traded higher towards 0.6900-20 where it once again found sellers. New Zealand Trade Balance released by the Statistics New Zealand registered a trade surplus of $350M in May 2015, compared with the forecast of a $-100M deficit. In Japan, the Jobs/applicants ratio, which is obtained by dividing monthly active j...
Read More

NZDUSD Collapsed after Disappointing the Lower NZ GDP Growth

Key Highlights New Zealand Dollar traded sharply lower against the US Dollar, and trimmed most gains after GDP release. New Zealand Gross Domestic Product released by the Statistics New Zealand increased by 0.2% in the first quarter of 2015, compared with the forecast of 0.6%. In terms of the yearly change, the New Zealand Gross Domestic Product rose 2.6%. Japanese Se...
Read More

AUDNZD Targets Fresh Lows

Key Highlights New Zealand Dollar gained traction recently against the Aussie Dollar, and looks set for more gains. AUDNZD pair is trading around the key support area, which if broken might ignite healthy losses. Australian HIA/AiG Performance of Construction Index released by the Australian Industry Group and the Housing Industry Association increased from 47.0 to 47.8...
Read More

NZDUSD – New Zealand Dollar Could Make a Sustained Move Lower

Key Highlights New Zealand Dollar weakened versus the US Dollar, and looks poised for more downsides in the short term. New Zealand Business Confidence released by the ANZ fell sharply from 30.2 to 15.7 in April 2015. In Australia, the HIA New Home Sales released by the Housing Industry Association posted an increase of 0.6% in April 2015, compared with the last gain of...
Read More

A Downward Drift for NZDUSD

Key Highlights US Dollar failed to gain buyers after the FOMC meeting minutes, and currently looks like positioning for a correction. NZDUSD managed to find support around 0.7280, and currently testing an important resistance area. New Zealand Visitor Arrivals released by the Statistics New Zealand posted an increase of 6.1% in April 2015, compared to the previous rise ...
Read More

NZDUSD Nosedives Post Miss in Card Sales

Key Highlights New Zealand dollar fell sharply during the Asian session due to disappointing domestic economic data. New Zealand Electronic Card Retail Sales as reported by Statistics New Zealand decreased by 0.7% in April 2015, compared with the forecast of a 0.6% rise. NZDUSD breached an important support area of 0.7420-00, which might now act as a resistance. New ...
Read More

New Zealand Dollar at Clear Risk of Further Losses

Key Highlights New Zealand traded sharply lower against the US dollar, despite the latter one weakening against other currencies. RBNZ Interest Rate Decision announced by the Reserve Bank of New Zealand was a major risk event, which failed to help the Kiwi Dollar. NZDUSD Dived and traded below an important support area of 0.7650. RBNZ Aftermath Earlier during the ...
Read More

NZDUSD Nosedives as Sellers Gain Control

Key Highlights New Zealand dollar was crushed against the US dollar after a speech by the Reserve Bank of New Zealand’s Assistant Governor John McDermott. NZDUSD breached the 0.7600 support area to test the 0.7580 hurdle. US Manufacturing Purchasing Managers Index (PMI) will be released by the Markit Economics today, which is expected to post a minor decline to 55.5. ...
Read More

«...67