NZD/USD – Kiwi Dollar Back In Uptrend; Faces Challenge Near 0.7350-90

Key Highlights 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...
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NZDUSD – Can New Zealand Dollar Recover?

NZDUSD – Can New Zealand Dollar Recover? Key Highlights 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...
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