NZD/USD Technical Analysis For two years now, the New Zealand dollar has been treading a region of 500 pips from the upper limit to the lower border, when it will end and where it will probably lead? All the signs for my opinion indicate lower numbers ahead -continue weakening New Zealand against the dollarWe can see that apart from the…
New Zealand technical analysis forecast A big drama in New Zealand after the elections ended without a clear winner:New Zealand’s political parties on Thursday reached an agreement on the establishment of a center-left government led by Labor Party leader Gecinda Ardren, 37. In the September elections, the New Zealand National Party, led by conservative Bill English, the current prime minister,…
New Zealand Dollar Technical Analysis Forecast Friday’s nonfarm payrolls will yield the usual influence on forex markets as investors look to this key data for an indication of the future path of monetary policy in the US. Figures for March were a big disappointment – 98,000 was well below the recent average. However, so far that has not dissuaded the…
New Zealand Dollar Technical Analysis Forecast New Zealand dollar extended its decline to a seven-week low, as growing speculation the Federal Reserve will hike interest rates this month Reserve Bank Governor Graeme Wheeler said: “New Zealand would not fare well in such circumstances. Even if our exports of goods and services to the US – currently over $8 billion – were…
How High Can Kiwi Climb? NZD/USD suggest the bullish trend plus the pattern that appear in the chartsSaucer Bottom trading :Reversal pattern that appear with a small bowl shape and it occurs with a bottom at its bowl works for long-term trading volume. This chart pattern matches defines a long-time consolidation time which executes from bearish to bullish conception. Basically, the rounding bottom…