NZD/USD – New Zealand Dollar To Depreciate Further Vs US Dollar

Key Highlights The New Zealand Dollar started a major downtrend and settled below 0.7150 against the US Dollar. There is a crucial bearish trend line forming with resistance at 0.7100 on the 4-hours chart of NZD/USD. New Zealand’s Electronic Card Retail Sales in Sep 2017 increased 0.1% (MoM). Today in the US, the IBD/TIPP Economic Optimism Index for Oct 2017 wil...
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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 – 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 – 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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NZDUSD – Next Leg Lower Underway For Kiwi Dollar?

NZDUSD - Next Leg Lower Underway For Kiwi Dollar? Key Highlights The New Zealand dollar after trading above 0.7250 against the US Dollar found sellers and moved down. The NZDUSD pair during the downside move broke a major bullish trend line formed on the 4-hours chart. The New Zealand Electronic Card Retail Sales as reported by Statistics New Zealand posted a rise o...
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AUDNZD Looks Poised For More Gains

AUDNZD Looks Poised For More Gains Key Highlights             Australian Dollar rocketed higher against the New Zealand Dollar and traded above the 1.1000 area. There was a resistance trend line formed on the 4-hours chart, which was breached recently by the bulls. New Zealand Electronic Card Retail Sales as reported by Statistics New Zealand posted a read...
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NZDUSD Facing Barrier For More Gains

NZDUSD Facing Barrier For More Gains Key Highlights             The New Zealand Dollar attempted a couple of times to trade higher against the US dollar, but failed to sustain momentum. NZDUSD pair traded below 0.6500 today, and looks set for more losses in the near term. The New Zealand Electronic Card Retail Sales as reported by Statistics New Zealand p...
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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 – Trend Line Break Near?

Key Highlights New Zealand Dollar traded lower against the US dollar, and traded near a major support trend line. New Zealand Electronic Card Retail Sales as reported by Statistics New Zealand posted an increase of 0.4% in July 2015, lower when compared with the last rise of 0.5%. In terms of the yearly change, there was a rise of 5.6% in July 2015. In the UK, the Bri...
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NZDUSD – Is This a Real Break after Struggling?

Key Highlights New Zealand Dollar performed well against the US Dollar to trade above an important resistance trend line. If NZDUSD buyers stay in control, a move towards 0.7200 is possible in the near term. New Zealand Electronic Card Retail Sales as reported by Statistics New Zealand registered an increase of 1.2% in May 2015, compared with the preceding month. NZD...
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