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 Low Can Kiwi Go? New Zealand dollar Reserve Bank cut the official cash rate by 25 basis points last week“While the currency depreciation will provide support to the export and import competing sectors, further depreciation is necessary given the weakness in export commodity prices,” Mr Wheeler said yesterday in the statement”.An interest cut would normally deter investors due to lower…
NZDUSD PRICE MOMENTUM STAND IN FRONT CHANGING….OR…??? New Zealand dollar closed last week strong , through the 0.75 handle. Although NZD/USD downtrend can be continued, since February bears got exhausted and gave the control to the bulls.With that, if we look at the charts we can see the Near-term resistance that stay in the 0.7620-80 area (trend line bands support-turned-resistance, if…
NZDUSD PRICE MOVE TECHNICAL ANALYSIS Nzd/usd remains on the upside as long as 0.7400 support holds on a daily closing basis , small resistance comes at the 0.7560 levels , while break up would open to 0.7620 levels next (this level is very significant, provides strong resistance, having been an important support during 2014year ,Down trend further upside will target the 0.7700 levels kiwi…