NZD/USD Could Accelerate Decline Below 0.6540

Key Highlights The New Zealand Dollar is in a strong downtrend below 0.6600 against the US Dollar.A major bearish trend line is forming with resistance at 0.6580 on the 4-hours chart of NZD/USD.The US Retail Sales in April 2019 declined 0.2% (MoM), whereas the forecast was +0.2%.The US Initial Jobless Claims for the week ending May 11, 2019 may slide from 228K to 220K. N...
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NZD/USD Remains Supported Ahead of FOMC

Key Highlights The New Zealand Dollar traded towards 0.6880 and later corrected lower against the US Dollar. Earlier, there was a break below a key bullish trend line with support at 0.6810 on the 4-hours chart of NZD/USD. The US GDP in Q3 2018 (Prelim) grew 3.5%, similar to the market forecast. Today in the US, the FOMC Meeting Minutes will be released, which cou...
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NZD/USD Recovery Faces Resistance Near 0.6570

Key Highlights The New Zealand Dollar declined recently and traded towards 0.6500 against the US Dollar. There is a major bearish trend line formed with resistance at 0.6560 on the 4-hour chart of NZD/USD. The US Producer Price Index in August 2018 declined 0.1%, compared with the +0.2% forecast. Today, the US Consumer Price Index for August 2018 will be released,...
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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 Accelerating Declines Below 0.7000

Key Highlights The New Zealand Dollar declined sharply and moved below the 0.7000 support against the US Dollar. There is a major bearish trend line forming with resistance at 0.7020 on the 4-hour chart of NZD/USD. The pair may decline further towards the 0.6900 support in the near term. Today, the US Producer Price Index for April 2018 will be released, which is ...
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NZD/USD Bullish above 0.7320, EUR/USD and GBP/USD Surges Higher

Key Highlights The New Zealand Dollar made good ground recently and traded above 0.7400 against the US Dollar. There is a crucial bullish trend line forming with support at 0.7330 on the 4-hours chart of NZD/USD. The current price action is positive despite the recent drop from the 0.7437 high. New Zealand CPI in Q4 2017 increased 1.6%, less than the forecast of 1...
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Can NZD/USD Retain Gains Above 0.7000?

Key Highlights The New Zealand Dollar moved nicely recently and traded above 0.6950-80 resistance against the US Dollar. There is a short-term breakout pattern forming with support at 0.6980 on the 4-hours chart of NZD/USD. A break above 0.7030 is required for buyers to step up the bullish momentum. The ANZ Business Confidence in January 2018 increased to -37.8 fr...
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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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NZD/USD – New Zealand Dollar Sellers In Driver’s Seat Vs USD

Key Highlights The New Zealand Dollar made a downside move from the 0.7200 swing high against the US Dollar. There is a major bearish trend line forming with resistance at 0.6900-0.6920 on the 4-hours chart of NZD/USD. New Zealand’s Employment Change in Q3 2017 was 2.2%, compared with the forecast of 0.8%. Today in the US, the Fed Interest rate decision is sched...
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NZD/USD – New Zealand Dollar Trend Overwhelmingly Negative

Key Highlights The New Zealand Dollar corrected towards 0.7200 against the US Dollar where it found sellers. A connecting bearish trend line with current resistance at 0.7160 on the 4-hours chart of NZD/USD is preventing an upside break. The US Building Permits in Sep 2017 posted a 4.5% decline, compared with the -2.9% forecast. Today in the US, the Initial Jobles...
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