17 August, 2017 by Aayush Jindal in Market Analysis
The New Zealand Dollar after trading as low as 0.7223, formed support against the US Dollar and recovered well.
There was a break above a major bearish trend line at 0.7300 on the 4-hours chart of NZD/USD.
New Zealand’s Producer Price Index Output rose 1.3% (QoQ) in Q2 2017, more than the forecast of +0.7%.
Today, the US Industrial Production figu...
18 May, 2016 by Aayush Jindal in Fundamental Analysis, Market Analysis, NZDUSD, Technical Analysis
NZDUSD – Can New Zealand Dollar Recover?
New Zealand Dollar after trading as low as 0.6715 against the US Dollar found buyers, and currently attempting a recovery.
However, the NZDUSD pair is below the 100 and 200 simple moving averages on the 4-hours chart, which can be a concern for buyers.
New Zealand Producer Price Index Out released by the Stat...