NZD
US Dollar, Yen Recovery Expected as Global Slowdown Fears Return – February 21, 2012
By Ilya Spivak, Currency Strategist for DailyFX.com Major Currencies vs. US Dollar (% change) February 13, 2012 – February 17, 2012 Talking Points Euro Selling Likely as Focus Turns to Recession Fears After Greek Accord Japanese Yen May Strengthen Anew as Risk Aversion Makes a Comeback British Pound Looks to BOE Minutes to Gauge Support [...]
NZD/USD Breaks Below Trendline, Trading at Key Support Pivot of 0.8245
The NZD/USD is seen in the 4H chart failing to sustain a bullish continuation above 0.84 after a “butterfly” pattern. A sharp decline followed breaking below a rising trendline that extends back to the Dec. 15 low near 0.7460.
US Dollar Aims for Broad-Based Recovery in the Week Ahead
Major Currencies vs. US Dollar (week-to-date % change) Talking Points Euro at Risk as Recession Worries Replace Greece Fiasco in the Spotlight Japanese Yen Tracking Treasury Yields, Focus on Fed Minutes and US CPI British Pound to Face Selling Pressure as Data Bolsters Case for QE Boost Commodity Dollars May Lose Support as Global Slowdown [...]
NZD/USD Popping up Above a Double Bottom to Continue Uptrend
The NZD/USD had a very choppy day during the 1/30 US session, at the end of which there was a quick spike to the downside and an immediate recovery. In the 1H chart, this shows up as a double bottom. As we enter the 1/31 Asian session, the market rallies above this bottom and is looking to continue the uptrend. The short-term resistance is at 0.8248, last week’s high…
Market Outlook for January 26, 2012
Recap of the Latest Global News After the U.S. Dollar sold off across the board late in North American trading yesterday, it appeared that some relief was on the horizon, with the Greenback clawing back in early Asian trading on Thursday. This was merely a short-term correction, and by the time European markets opened up, [...]
NZD/USD – Looking for Technical Clues After Breaking Above a Flag Pattern
The 4H chart shows the NZD/USD continuing to trade in a rising channel/wedge. The pair found resistance at 0.8140 to start the week and the 1H chart shows a broken flag pattern. It also shows that the flag pattern took the retracement down to 61.8% of the latest upswing from 0.7993 to 0.8141 before a sharp rally broke above the flag pattern.
NZD/USD Trading in Rising Channel/Wedge
The 4H chart of NZD/USD shows a bullish market trading in a rising channel or rather wedge since the support and resistance are not parallel but slightly converging. The RSI has been held above 40 and able to break 70, reflecting persistently bullish momentum. As the market crosses 0.8050, it found resistance at 0.8080 while tagging the channel/wedge resistance…
NZD/USD Moves Above Consolidation Pattern; Resistance Seen at 0.81
The NZD/USD continues to be bullish as the market rallies above a sideways consolidation with resistance at 0.7963. If on a throwback in the Asian session stays above 0.7950, the market would be confirming the upside break for bullish continuation at least in the short-term. The order of moving averages and the RSI’s ability to stay even above 50 certainly confirms so…
NZD/USD Signals Bullish Continuation After Throwback
The NZD/USD has been in a throwback after breaking above a declining trendline. The 4H chart shows the market come retrace 50% of the swing from 0.7650 to 0.7907. Note also the RSI reading failing to break below 40, suggesting maintenance of the bullish momentum.
NZD/USD After Breaking Above Declining Trendline
The NZD/USD has cracked a declining trendline seen in the daily chart. The RSI reading in the daily chart also broke above 60, suggesting a loss of bearish momentum. A swing projection targets 0.7960. The 200 day simple moving average is near 0.8050, which is also near a previous pivot
US Third Quarter GDP to Guide US Dollar Trading Activity; Forex Technical Analysis Signals
US Third Quarter GDP to Guide US Dollar Trading Activity; Forex Technical Analysis Signals Risk sentiment was steady during the London session as the downward momentum in the EUR/USD has halted and the other high yielding currencies (such as AUD and NZD) have started tracking higher. In forex macro data, the UK current account deficit
Trading Week Outlook: Dec. 19 – Dec. 23
Dec. 17, 2011 (Allthingsforex.com) – Following the Fed’s decision to keep the monetary policy status quo, the week ahead will bring a sequence of U.S. housing and economic growth data, which could instill further confidence in the resilience of the world’s largest economy and could fuel a Christmas rally (provided the headlines from the EU [...]
NZD/USD in a Sling Shot; Swing Projection Eyes 0.7520
The NZD/USD continues to confirm further downside risk. The 1H chart shows a market that broke below an important support cluster at 0.7735. Then after reaching the range-breakout projection at 0.7645, the market rallied back toward the broken range, tested the 200SMA. Price failed to rally above the 200SMA and a sling shot is developing to the downside…
NZD/USD Cracks Key Support After False Break to Upside
The NZD/USD remained in a range after the RBNZ decision where the bank moved away form tightening bias while holding the OCR at 2.5%. Then in the 12/8 European-US session, the market was volatile after the ECB interest rate meeting, and during the press conference with Mario Draghi after. The NZD/USD attemped to break the recent channel to the upside…
NZD/USD Range Trading Ahead of the RBNZ Interest Rate Decision
The Reserve Bank of New Zealand (RBNZ) is one of the many central banks on tap this week to meet and set interest rate policy. The NZD/USD respected a range resistance during the 12/7 Asian-European session ahead of the meeting at 3:00PM EST on 12/7. It respected the lower bound of the resistance area at 0.7820. The outer resistance is near 0.7835…
Trading Week Outlook: Dec. 5 – Dec. 9
Dec. 3, 2011 (Allthingsforex.com) – With the European Central Bank interest rate announcement and the EU Summit on the horizon, the trading week ahead could prove crucial for the future fate of the euro and the debt crisis-stricken euro-area. In preparation for the new trading week, here is the outlook for the Top 10 spotlight [...]
NZD/USD Cracking Key Trendline Toward the 2011 Low
The NZD/USD charts continues to show a bearish market. During early 11/23 Asian trading session, price fell below the consolidation formed in the past couple of days. Note that the RSI reading in the 1H chart remains below 60, an indication of persistent bearish momentum. The very short-term range breakout projection, using the width of the range targets 0.7395…
“NZD/USD” Currency Pair: Has the Kiwi Found Support for the Near Term?
When thoughts of trading a commodity currency arise, traders most often think of the Canadian Dollar or the “Aussie” from “the land down under”, but a few also know that “the land of the long white cloud”, New Zealand, has a currency worthy of their respect. The “Kiwi” may be the low volume leader of [...]
NZD/USD Approaching Key Trendline Going Back to May 2010
The NZD/USD continues to be bearish. In the last report, I mentioned a support cluster near the October low of 0.7485. The daily chart shows the market trading below the 200 period simple moving average in a projected declining channel.
NZD/USD Outlook: Below 61.8% Next Support Cluster is Near 0.7485
The NZD/USd is sliding with the risk-off trading that has been giving the USD and JPY a boost. In the 4H chart We can see the market consolidating around the 61.8% retracement (of the 0.7468 to 0.8241 rally). The strength of the current swing, which started on the 11/9 Asian session matches the that of the 10/8 to 11/3 bear run so far…
