Can NZD/USD Recover Further Above 0.6850?

Key Highlights The New Zealand Dollar formed a base near 0.6710 and moved higher against the US Dollar. The NZD/USD pair is attempting a close above a key bearish trend line with resistance at 0.6820 on the 4-hours chart . The US Manufacturing PMI in July 2018 (Prelim) increased from the last reading of 55.4 tom 55.5. The New Zealand Trade Balance in June 2018 pos...
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NZD/USD – New Zealand Dollar Turns Bullish Vs US Dollar

Key Highlights The New Zealand Dollar broke a monster resistance at 0.6950 against the US Dollar to move into the bullish zone. The NZD/USD pair cleared an ascending channel pattern with resistance at 0.6980 to set the pace for more gains. Today in New Zealand, the Trade Balance for April 2017 released by the Statistics New Zealand posted a trade surplus of $572M, mo...
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NZDUSD – New Zealand Dollar Under Heavy Selling Pressure Vs Dollar

NZDUSD – New Zealand Dollar Under Heavy Selling Pressure Vs Dollar Key Highlights The New Zealand dollar was crushed recently against the US Dollar for a move below 0.7000 and 0.6950. There was a critical bullish trend line on the 4-hours chart of NZDUSD, which was broken at 0.7140 to initiate a major downtrend. In New Zealand today, the Trade Balance released by ...
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EURUSD – Right Time To Buy Euro?

EURUSD – Right Time To Buy Euro? Key Highlights The Euro traded positively during the past few days against the US Dollar, and currently looks set for more gains. There are a couple of bullish trend lines formed on the hourly chart, which may act as a support for the Euro bulls. Today, the German business sentiment index will be released by the CESifo Group. Th...
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NZDUSD – Kiwi Dollar Remains at Risk for Key Reasons

NZDUSD – Kiwi Dollar Remains at Risk for Key Reasons Key Highlights The New Zealand Dollar traded lower against the US Dollar recently, and was under a lot of bearish pressure. There was a monster bullish trend line formed on the 4-hours chart of the NZDUSD pair, which was surpassed by sellers during the recent losses. The NZDUSD pair also traded below the 100 sim...
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EURUSD – What’s Next For Euro After Brexit?

EURUSD – What’s Next For Euro After Brexit? Key Highlights Euro tumbled against most major currencies this past week, as the Brexit decision ignited a sharp downside move. The EURUSD pair broke a monster support trend line formed on the daily chart to open the doors for more losses. In the Euro Zone today, the German Import price index will be released by Deutsc...
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NZDUSD – Downsides To Continue As Dollar Recovers?

NZDUSD – Downsides To Continue As Dollar Recovers? Key Highlights             New Zealand Dollar after a recovery against the US Dollar started to trade lower once again. There is a descending channel pattern formed on the hourly chart of the NZDUSD pair, which is acting as a reason for the downside move. Today, the New Zealand Trade Balance released by ...
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NZDUSD Gains, Eyes US GDP For Next Move

NZDUSD Gains, Eyes US GDP For Next Move Key Highlights             New Zealand Dollar traded higher and cleared a major resistance area against the US Dollar. There was a nice bullish momentum, which favored more gains in the NZDUSD pair. New Zealand Trade balance, released by Statistics New Zealand posted a trade deficit of $-3.580B in Jan 2016, compared ...
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NZDUSD – Recent Break Points toward More Gains

NZDUSD – Recent Break Points toward More Gains Key Highlights             New Zealand Dollar recently managed to break an important bearish trend line on the 4-hours chart, which cleared the way for more upsides. The pair also settled above the 100 simple moving average (4H), which is a positive sign. New Zealand Trade balance, released by Statistics New...
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NZDJPY – Make it or Break it?

Key Highlights New Zealand Dollar traded higher recently against the Japanese Yen to test the 82.60-70 resistance area. The NZDJPY pair is currently correcting lower and testing a major support area around 81.60. New Zealand Trade Balance data was released by the Statistics New Zealand today, which came in at $-1,222M, compared with the forecast of a $-800M trade defici...
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