NZD
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…
Trading Week Outlook: Nov. 7 – Nov. 11
Nov. 5, 2011 (Allthingsforex.com) – Although much lighter on pivotal economic data, the trading week ahead will not be any less intriguing as headlines from the Euro-zone debt crisis continue to dictate the market’s direction and traders prepare for the next act of the Greek drama, while keeping an eye on the political situation in [...]
Is NZD/USD Setting up for a Sling Shot?
The NZD/USD broken below an important cluster when it crossed 0.79-0.7880 area. There was a projected support, and the 200 period simple moving average in the 4H chart. This move also pushed the RSI below 30, establishing bearish momentum in the short-term.
NZD/USD in a Double Top Attempt
The Japanese Yen intervention in the opening Asian session not only weakened the JPY, but also strengthened the USD across the board. After finding resistance at 0.8240, the NZD/USD fell to 0.8165 and then back up to test 0.8240 again. A second failure, and a return to the 0.8165 support is materializing a double top pattern seen in the 1H chart…
Trading Week Outlook: Oct. 24 – Oct. 28
Oct. 22, 2011 (Allthingsforex.com) – The week ahead will bring a sequence of monetary policy announcements by three central banks and a long slate of important economic reports from the world’s largest economy, but once again the EU Summit will steal the show as traders ponder if the EU leaders will be capable of solving [...]
NZD/USD Forecast: Bearish Below the 0.7850 Support Cluster
The 4H NZD/USD chart shows a market in a strong decline as we enter into the Tuesday US trading session. The market is at the 0.7850 support cluster. It is a previously broken bearish trendline, as well as a flat resistance pivot. The 0.7838 level is the 38.2% retracement
NZD/USD Forecast: Break of Resistance at 0.7957 Opens 0.80 and 0.8110
The NZD/USD market was very bullish during the 10/12 Wednesday European session. The 4H chart shows that this strong push is now testing the 0.7957 (0.7560) resistance pivot. A break above this opens up the 0.80 psychological pivot which is really the upper bound of a resistance zone between 0.7960 and 0.80 seen more clearly in the daily chart…
Expect more kiwi volatility, currency trader says
…foreign-exchange dealer says currency trading is expected to remain volatile, as money markets lack conviction and react wildly to developments in the eurozone debt crisis. The kiwi shed nearly 13c after hitting a post-float high of 87.86 US cents in late…
Quiet day for kiwi dollar
…yesterday. It was down slightly on the trade weighted index to 69.12 at 5pm from 69.19 at 8am. Direct FX currency advisor Sam Coxhead said the dollar had not moved much today.
Kiwi dollar surges to US78c on Euro optimism
…Nicholas Sarkozy even though they did not detail a plan to resolve the European debt crisis. The kiwi dollar was at 78.25 US cents at 8am from 77.28 US cents at 5pm on Monday and traded as high as 78.52 US cents overnight. That put it near the top of a range…
NZD/USD Forecast: Recovery Extends Toward Key Resistance at 0.7957
Recovery Extension: The NZD/USD completely reversed Friday’s late bearish action, and pushed above last week’s high, as well as the 61.8% retracement seen in the 4H chart. The RSI reading in this time-frame also broke above 60, reflecting a loss of the medium term bearish momentum. The market is bullish in the short-term, and is targeting the 0.7957 pivot, high from 9/27…
Kiwi dollar holds ahead of US job data
…are still struggling to cast off their pessimism over the state of Europe’s sovereign indebtedness. The kiwi dollar rose to 77.31 US cents at 5pm, from 77.18 cents at 8am, and was up from 76.35 cents late yesterday. The European Central Bank stoked investors’…
NZD/USD Halts Recovery at 61.8% Retracement with Negative Reversal
The 4H NZD/USD chart shows a market rejected near 0.78, near the 61.8% retracement of a swing from 0.7957 to 0.7470. 4H price action looks heavy as we wind up this week’s trading. The RSI is held at 60, a sign that the bearish momentum from the previous downswing is still good.
Kiwi up almost 1c on Europe news
…are still struggling to cast off their pessimism over the state of Europe’s sovereign indebtedness. The kiwi dollar rose to 77.31USc at 5pm, from 77.18USc at 8am, and was up from 76.35USc late Thursday. The European Central Bank stoked investors’ appetite…
Kiwi dollar holds above US76c ahead of Euro rates move
…in a pretty narrow range up until key events in Europe tonight,” Mike Burrowes, market strategist at Bank of New Zealand said. The currency shot higher yesterday when stock markets surged after a Financial Times article reported European Economic and Monetary…
