NZD/USD – New Zealand Dollar Remains in Downtrend Vs US Dollar

Key Highlights The New Zealand Dollar recently fell below the 0.6900-0.6880 support area against the US Dollar. There is a crucial bearish trend line forming with resistance at 0.6850 on the 4-hours chart of NZD/USD. New Zealand’s Visitor Arrivals in Oct 2017 increased by 3.9% (YoY), more than the last +3.1%. The US Existing Home Sales in Oct 2017 increased 2% (...
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NZDUSD – Can New Zealand Dollar Retain Momentum Vs USD?

Key Highlights The New Zealand dollar after a dip towards the 0.6890 level against the US Dollar found support. The NZDUSD pair moved higher, and broke two bearish trend lines at 0.6920 and 0.7000 on the 4-hours chart. Today, the New Zealand Visitor Arrivals figure for Feb 2017 (YoY) released by the Statistics New Zealand posted a rise of 1.8%. Later today, the UK...
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NZDUSD – Can New Zealand Dollar Remain In Uptrend Vs USD?

NZDUSD – Can New Zealand Dollar Remain In Uptrend Vs USD? Key Highlights The New Zealand Dollar moved below the 0.7200 support area recently against the US Dollar. There was a new weekly high formed at 0.7265 in the NZDUSD pair, where the sellers appeared. The pair then broke a bullish trend line formed on the hourly chart. The New Zealand Visitor Arrivals rele...
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EURJPY – Euro Poised For Continued Strength Versus Yen

EURJPY – Euro Poised For Continued Strength Versus Yen Key Highlights The Euro recovered well against the Japanese yen post the Brexit decision decline and currently looks set for more gains. There is a bullish trend line formed on the 4-hours chart of the EURJPY pair acting as a support. Today in the Euro Zone, the ECB Interest Rate Decision will be announced by ...
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EURJPY – 118.40/60 Is Significant Resistance For Upside

EURJPY - 118.40/60 Is Significant Resistance For Upside Key Highlights Euro after trading as low as 115.50 against the Japanese yen recovered, but found sellers near 118.40/60. There are a couple of bearish trend lines formed on the 4-hours chart of EURJPY, acting as a resistance area. Today in the Euro Zone, the Consumer Confidence will be released by the European ...
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NZDUSD – Kiwi Dollar Eyeing More Losses?

NZDUSD – Kiwi Dollar Eyeing More Losses? Key Highlights             New Zealand Dollar after setting a short-term top against the US Dollar at 0.7050 started to move down. There is a descending channel pattern formed on the hourly chart of the NZDUSD pair, which is acting as a catalyst for the downside move. New Zealand Visitor Arrivals released by the ...
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EURUSD – Sellers Remain in Control

EURUSD – Sellers Remain in Control Key Highlights             The Euro was under a lot of bearish pressure this past week, as it traded below the 1.0900 support area against the US Dollar. There was a bullish trend line formed on the hourly chart of the EURUSD pair, which was breached by sellers. Today, the Euro Area Manufacturing Purchasing Managers Ind...
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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 ...
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