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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NZD/USD – New Zealand Dollar To Depreciate Further Vs US Dollar

Key Highlights The New Zealand Dollar started a major downtrend and settled below 0.7150 against the US Dollar. There is a crucial bearish trend line forming with resistance at 0.7100 on the 4-hours chart of NZD/USD. New Zealand’s Electronic Card Retail Sales in Sep 2017 increased 0.1% (MoM). Today in the US, the IBD/TIPP Economic Optimism Index for Oct 2017 wil...
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NZD/USD – Kiwi Dollar Tumbles Post Fed Decision and NZ GDP

Key Highlights The New Zealand Dollar likely made a short-term top near 0.7430 against the US Dollar. The NZD/USD is attempting a close below an important support at 0.7330 on the 4-hours chart. Fed kept the interest rates unchanged, but the central bank’s hawkish tone caught the market attention. New Zealand Gross Domestic Product in Q2 2017 increased 0.8%, sim...
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NZD/USD – Why 0.7320 is Significant for Kiwi Dollar?

Key Highlights The New Zealand Dollar is trading with a positive bias, but faces a major resistance near 0.7320 against the US Dollar. There are two bearish trend lines with resistance near 0.7320 formed on the 4-hours chart of NZD/USD. New Zealand Food Price Index in August 2017 rose 0.6%, compared with the last -0.2%. The US Producer Price Index for August 2017 ...
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NZD/USD – Can New Zealand Dollar Hold 100-day SMA Vs US Dollar?

Key Highlights The New Zealand Dollar started a downtrend from the 0.7550-0.7560 area against the US Dollar. There was a break below a crucial bullish trend line with support at 0.7380 on the 4-hours chart of NZD/USD. The Preliminary release of the US GDP for Q2 2017 points an annualized increase of 3%, more than the +2.7% forecast. ANZ Business Confidence in New ...
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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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NZD/USD – Kiwi Dollar Approaching Crucial Support Vs US Dollar

Key Highlights The New Zealand Dollar after trading towards 0.7550 against the US Dollar started a downside correction. The NZD/USD pair is now approaching a crucial bullish trend line support near 0.7400 on the 4-hours chart. Today in New Zealand, the Employment Change for Q2 2017 released by the Statistics New Zealand posted a decline of 0.2%. The Unemployment R...
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NZD/USD – New Zealand Dollar Eyeing Break above 0.7460 Vs US Dollar

Key Highlights The New Zealand Dollar gained heavy bids recently and moved above 0.7400 against the US Dollar. There was a break above a major contracting triangle pattern with resistance near 0.7360 on the 4-hours chart. Today in the Euro Zone, the German business sentiment index for July 2017 posted an increase from the last revised reading of 115.2 to 116.0. La...
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NZD/USD – New Zealand Dollar Breaks Key Support Vs US Dollar?

Key Highlights The New Zealand Dollar struggled to break the 0.7345 resistance against the US Dollar and started correcting towards 0.7200. There was a break below a crucial bullish trend line with support at 0.7250 on the 4-hours chart of NZD/USD. Today in New Zealand, the Electronic Card Retail Sales for June 2017 reported by Statistics New Zealand posted no change...
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NZD/USD – New Zealand Dollar Eyeing Break above 0.7340

Key Highlights The New Zealand Dollar traded with a positive bias recently and moved above 0.7250 against the US Dollar. There is a crucial bullish trend line with support at 0.7275 forming on the 4-hours chart of NZD/USD. Today in New Zealand, the Business Confidence for June 2017 released by the ANZ posted an increase from 14.9 to 24.8. Today in the US, the Gros...
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