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 – New Zealand Dollar Trend Overwhelmingly Negative

Key Highlights New Zealand Dollar was seen struggling against the US Dollar recently, as the latter one gained a lot of traction during the past couple of sessions. There was a major release lined up today, as the New Zealand Employment Change released by the Statistics New Zealand posted a reading of 0.3% in Q2, 2015 which was lower than the forecast. New Zealand Unemp...
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NZDUSD Poised for Declines Post the NZIER Business Confidence

Key Highlights New Zealand Dollar continued to weaken against most currencies, including the US Dollar. NZDUSD traded below 0.6680 and looks set for more declines in the near term. In New Zealand, the NZIER Business Confidence released by the New Zealand Institute of Economic Research came in at 5%, compared with the last 23%. NZIER Business Confidence Earlier du...
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