NZDUSD – New Zealand Dollar Targets Fresh Highs

NZDUSD – New Zealand Dollar Targets Fresh Highs Key Highlights             New Zealand climbed higher against the US Dollar, and looks set for more gains in the near term. There is a major bullish trend line formed on the 4-hours chart, which can be seen as a support area for NZDUSD if it corrects lower. In New Zealand, the Food Price Index (FPI) release...
Read More

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 ...
Read More

NZDUSD – Bullish Trend To Continue In Short Term?

NZDUSD – Bullish Trend To Continue In Short Term? Key Highlights             New Zealand Dollar remained elevated against the US Dollar, and traded above 0.6750 area. There is a bullish trend line formed on the hourly chart of the NZDUSD pair, which is acting as a support area in the short term. Today, the New Zealand Manufacturing sales, released by Sta...
Read More

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 ...
Read More

Can NZDUSD Pick Up After Retail Sales Report?

Can NZDUSD Pick Up After Retail Sales Report? Key Highlights             New Zealand Dollar was seen struggling against the US Dollar around the 0.6670-80 resistance area. There is a bullish trend line formed on the hourly chart, which may act as a support area for the NZDUSD pair moving ahead. New Zealand Retail Sales released by the Statistics New Zealan...
Read More

NZDUSD Poised For More Gains

NZDUSD Poised For More Gains, Are You Buying? Key Highlights             New Zealand Dollar enjoyed a decent rally against the US Dollar, and currently challenging the 0.6710-40 resistance area. There is a support trend line formed on the 4-hours chart, which may play a major role for buyers and sellers in the short term. Today, the US Initial Jobless Clai...
Read More

NZDUSD Lower Post RBNZ Rate Decision

NZDUSD Lower Post RBNZ Rate Decision Key Highlights             New Zealand Dollar moved lower after the RBNZ announced the interest rates. NZDUSD pair broke a major support trend line on the hourly chart, which is now acting as a resistance. Today, the RBNZ Interest Rate Decision was announced by the Reserve Bank of New Zealand in which the central bank k...
Read More

NZDUSD Facing Barrier For More Gains

NZDUSD Facing Barrier For More Gains Key Highlights             The New Zealand Dollar attempted a couple of times to trade higher against the US dollar, but failed to sustain momentum. NZDUSD pair traded below 0.6500 today, and looks set for more losses in the near term. The New Zealand Electronic Card Retail Sales as reported by Statistics New Zealand p...
Read More

«...56