New Zealand Dollar: NZD/USD (NZD=X) support at 0.6330

New Zealand Dollar: NZD/USD (NZD=X) support at 0.6330

New Zealand Dollar: NZD/USD (NZD=X) support at 0.6330 After posting losses for three straight sessions, NZD/USD is flat in Thursday trade. In the European session, the pair is trading at 0.6367, up 0.04% on the day. There are no New Zealand events for the remainder of the week. NZD/USD Technical Analysis NZD/USD has moved lower this week, […]

New Zealand Dollar: NZD/USD (NZD=X) Job Data Within Expectations

New Zealand Dollar: NZD/USD (NZD=X) Job Data Within Expectations

New Zealand Dollar: NZD/USD (NZD=X) Job Data Within Expectations NZD/USD has posted small losses in Wednesday trade. New Zealand Job Data Within Expectations There were no surprises from New Zealand’s employment numbers for the third quarter. The numbers were weaker in the Q3, as the U.S.-China trade war and weaker global demand continue to weigh on […]

New Zealand Dollar: NZD/USD (NZD=X) buyers will return and the uptrend will resume soon

New Zealand Dollar: NZD/USD (NZD=X) buyers will return and the uptrend will resume soon

New Zealand Dollar: NZD/USD (NZD=X) buyers will return and the uptrend will resume soon Risk currencies had a great time in October. The risk sentiment improved in financial markets after the US-China partial trade deal and the Brexit deal, although the latter didn’t pass the British Parliament. As a result, NZD/USD turned bullish and it climbed more […]

New Zealand Dollar: NZD/USD (NZD=X) consolidates above 0.64

New Zealand Dollar: NZD/USD (NZD=X) consolidates above 0.64

New Zealand Dollar: NZD/USD (NZD=X) consolidates above 0.64 The NZD rose to its highest level since mid-August, at 0.6457, before closing the week around 0.6430. The NZD was up 0.2% on Friday, bringing its weekly gain to 1.2%. The broad-based weakness in the USD and the market’s paring back of OCR rate cut expectations combined […]

New Zealand Dollar: NZD/USD (NZD=X) pushing higher

New Zealand Dollar: NZD/USD (NZD=X) pushing higher

New Zealand Dollar: NZD/USD (NZD=X) pushing higher There is a risk-on feel in the air in Asian trade today and the Aussie and Kiwi are both pushing higher. Overnight, there was certainly optimism around as US President Trump suggested that he expected to sign a significant part of the trade deal with China ahead of […]

New Zealand Dollar: NZD/USD (NZD=X) Target 0.62

New Zealand Dollar: NZD/USD (NZD=X) Target 0.62

New Zealand Dollar: NZD/USD (NZD=X) Target 0.62 NZD/USD NZD/USD is slightly lower in Thursday trade. In the European session, the pair is trading at 0.6402, down 0.25% on the day. NZD/USD Technical Analysis NZD/USD tested resistance at 0.6420 in the Asian session. This line is proving to be resilient and has held firm since mid-September. Traders […]

New Zealand Dollar: NZD/USD (NZD=X) Trade Deficit Drops, Beats Forecast

New Zealand Dollar: NZD/USD (NZD=X) Trade Deficit Drops, Beats Forecast

New Zealand Dollar: NZD/USD (NZD=X) Trade Deficit Drops, Beats Forecast New Zealand’s trade deficit narrowed to NZ$1.24 billion in September, dropping sharply from the deficit of NZ$1.56 billion in August. This beat the estimate of NZ$1.37 billion. The improvement was credited to stronger sales of meat and milk, both of which are key export products. […]

New Zealand Dollar: NZD/USD (NZD=X) Ignores Soft Cons. Spending Report

New Zealand Dollar: NZD/USD (NZD=X) Ignores Soft Cons. Spending Report

New Zealand Dollar: NZD/USD (NZD=X) Ignores Soft Cons. Spending Report New Zealand Credit Card Spending for September gained 4.8% in September, sharply lower than the August gain of 6.0%. This points to lower consumer spending, a key driver of economic activity. Still, the New Zealand dollar is in positive territory on Tuesday. We’ll get a […]

New Zealand Dollar: NZD/USD (NZD=X) Prolonged Short-Squeeze Could Drive Kiwi into .6451 Over Near-Term

New Zealand Dollar: NZD/USD (NZD=X) Prolonged Short-Squeeze Could Drive Kiwi into .6451 Over Near-Term

New Zealand Dollar: NZD/USD (NZD=X) Prolonged Short-Squeeze Could Drive Kiwi into .6451 Over Near-Term Optimism over Brexit may be behind the New Zealand Dollar’s early strength on Monday, however, the move is likely being fueled by a short-squeeze that began last week following the release of a report showing a slight improvement in quarterly consumer […]

New Zealand Dollar: NZD/USD (NZD=X) may reverse gains after rosy NZ CPI data

New Zealand Dollar: NZD/USD (NZD=X) may reverse gains after rosy NZ CPI data

New Zealand Dollar: NZD/USD (NZD=X) may reverse gains after rosy NZ CPI data The New Zealand Dollar rose in morning Wednesday trade after a round of rosy local inflation data crossed the wires. In the third quarter, New Zealand CPI clocked in at 1.5 percent y/y versus 1.4% expected, though down from 1.7 in Q2. […]

New Zealand Dollar: NZD/USD (NZD=X) Eyes CPI

New Zealand Dollar: NZD/USD (NZD=X) Eyes CPI

New Zealand Dollar: NZD/USD (NZD=X) Eyes CPI The Kiwi is on the defensive ahead of the key NZ inflation report. Headline CPI is seen dropping to 1.4% from 1.7%, however, a reading of 1.4% would still be ahead of the RBNZ’s forecast of 1.3%. Technical Indicators Overall, the bias in prices is: Downwards. The projected […]

New Zealand Dollar: NZD/USD (NZD=X) seem to be tracing out a bullish Head and Shoulders

New Zealand Dollar: NZD/USD (NZD=X) seem to be tracing out a bullish Head and Shoulders

New Zealand Dollar: NZD/USD (NZD=X) seem to be tracing out a bullish Head and Shoulders The New Zealand Dollar may be carving out a bottom against its US counterpart. Prices seem to be tracing out a bullish Head and Shoulders (H&S) reversal pattern having tested four-year support in the 0.6197-0.6268 area. Positive RSI divergence points to ebbing […]

New Zealand Dollar: NZD/USD (NZD=X) One Small Step Away From a Major Buy Signal

New Zealand Dollar: NZD/USD (NZD=X) One Small Step Away From a Major Buy Signal

New Zealand Dollar: NZD/USD (NZD=X) One Small Step Away From a Major Buy Signal There is no trading signal here yet, but once it will be triggered, we should receive a sweet long-term deal, with a target of hundreds of pips. This setup is present on the NZDUSD and for a legitimate signal we just need several […]

New Zealand Dollar: NZD/USD (NZD=X) lowest level in a decade

New Zealand Dollar: NZD/USD (NZD=X) lowest level in a decade

New Zealand Dollar: NZD/USD (NZD=X) lowest level in a decade From the daily chart, we notice on Oct 1 NZD/USD declined to its lowest level in a decade. However, the price remained in the current trading zone 0.6236- 0.6438 indicating to seller’s hesitation to keep pressing the price at this stage. Additionally, we notice a […]

New Zealand Dollar: NZD/USD (NZD=X) statement from the RBNZ was rather more upbeat than the markets were expecting

New Zealand Dollar: NZD/USD (NZD=X)  statement from the RBNZ was rather more upbeat than the markets were expecting

New Zealand Dollar: NZD/USD (NZD=X) statement from the RBNZ was rather more upbeat than the markets were expecting Nearly two weeks ago, the Reserve Bank of New Zealand (RBNZ) left the Official Cash Rate unchanged at 1%, but said there is still scope for further stimulus if necessary. The RBNZ said that new information it […]

New Zealand Dollar: NZD/USD (NZD=X) lowest level in 10 years

New Zealand Dollar: NZD/USD (NZD=X) lowest level in 10 years

New Zealand Dollar: NZD/USD (NZD=X) lowest level in 10 years Today, AUD/USD resumed bearish price action after breaking below the level discussed in our last update. Later, the price pressed below the Aug 7 low (monthly support) at 0.6677 printing its lowest level in 10 years at 0.6672. Similarly, NZD/USD printed 0.6203 – its lowest level in 10 years. Since […]

New Zealand Dollar: NZD/USD (NZD=X) rapidly approaching a four-year low

New Zealand Dollar: NZD/USD (NZD=X) rapidly approaching a four-year low

New Zealand Dollar: NZD/USD (NZD=X) rapidly approaching a four-year low The New Zealand Dollar is rapidly approaching a four-year low against the U.S. Dollar on Monday after data showed that business confidence in the country was deteriorating quickly amid a global economic slowdown, despite an aggressive rate cut by the central bank designed to prop […]

New Zealand Dollar: NZD/USD (NZD=X) Dips on Dovish NZ Central Bank

New Zealand Dollar: NZD/USD (NZD=X) Dips on Dovish NZ Central Bank

New Zealand Dollar: NZD/USD (NZD=X) Dips on Dovish NZ Central Bank The New Zealand central bank maintained the benchmark rate at an even 1.0%  Wednesday. This decision had been priced in by the markets. However, the NZ dollar still fell 0.70% after the bank’s policy meeting, as the bank said it was keeping the door […]

New Zealand Dollar: NZD/USD (NZD=X) Firms After RBNZ Leaves Rates Unchanged

New Zealand Dollar: NZD/USD (NZD=X) Firms After RBNZ Leaves Rates Unchanged

New Zealand Dollar: NZD/USD (NZD=X) Firms After RBNZ Leaves Rates Unchanged Early Wednesday, the RBNZ held its Official Cash Rate (OCR) at 1 percent, as had been widely expected by analysts. This following a surprise 50-basis point cut to the OCR in August. The RBNZ also added in its statement that new information since August […]

New Zealand Dollar: NZD/USD (NZD=X) in a strong downtrend

New Zealand Dollar: NZD/USD (NZD=X) in a strong downtrend

New Zealand Dollar: NZD/USD (NZD=X) in a strong downtrend The NZD/USD is in a strong downtrend. If we see a pullback the POC zone should show fresh sellers and the Kiwi should drop again. 0.6320-50 is the confluence zone. Watch for rejections in the area if the price pulls back. We can see a strong zig […]

New Zealand Dollar: NZD/USD (NZD=X) Could Still Edge Lower

New Zealand Dollar: NZD/USD (NZD=X) Could Still Edge Lower

New Zealand Dollar: NZD/USD (NZD=X) Could Still Edge Lower During Friday’s trading session, the New Zealand Dollar depreciated about 47 basis points against the US Dollar. The 50– hour simple moving average pressured the currency pair lower during the previous session. Everything being equal, it seems that the exchange rate will continue to edge lower […]

New Zealand Dollar: NZD/USD (NZD=X) All eyes on Fed

New Zealand Dollar: NZD/USD (NZD=X) All eyes on Fed

New Zealand Dollar: NZD/USD (NZD=X) All eyes on Fed NZD/USD has posted modest losses on Wednesday, erasing the short-lived gains we saw on Tuesday. In the Asian session, the pair is trading at 0.6337, down 0.36% on the day. Ahead – New Zealand GDP Weak global conditions and the ongoing U.S-China trade war have taken a […]

New Zealand Dollar: NZD/USD (NZD=X) has been hit by weak global conditions and U.S-China trade war

New Zealand Dollar: NZD/USD (NZD=X) has been hit by weak global conditions and U.S-China trade war

New Zealand Dollar: NZD/USD (NZD=X) has been hit by weak global conditions and U.S-China trade war NZD/USD ended the week on a whimper and the lack of activity has continued on Monday. In the Asian session, the pair is trading at 0.6385, up 0.02% on the day. Ahead – Consumer Confidence Consumer confidence has dipped, as […]

New Zealand Dollar: NZD/USD (NZD=X) fallen away in early Asian trade

New Zealand Dollar: NZD/USD (NZD=X) fallen away in early Asian trade

New Zealand Dollar: NZD/USD (NZD=X) fallen away in early Asian trade The New Zealand Dollar closed lower against the U.S. Dollar on Friday as investors continued to show almost no reaction to a number of conciliatory gestures between the United States and China that could be signaling an easing of tensions over the prolonged trade […]

New Zealand Dollar: NZD/USD (NZD=X) plunged on a combination of weak domestic data and a somewhat hawkish U.S. Federal Reserve

New Zealand Dollar: NZD/USD (NZD=X) plunged on a combination of weak domestic data and a somewhat hawkish U.S. Federal Reserve

New Zealand Dollar: NZD/USD (NZD=X) plunged on a combination of weak domestic data and a somewhat hawkish U.S. Federal Reserve The New Zealand Dollar plunged on Wednesday on a combination of weak domestic data and a somewhat hawkish U.S. Federal Reserve. A survey of New Zealand business confidence came in lower than expected, increasing the […]

New Zealand Dollar: NZD/USD (NZD=X) major players on the sidelines ahead of the U.S. Federal Reserve policy announcement and interest rate decision

New Zealand Dollar: NZD/USD (NZD=X) major players on the sidelines ahead of the U.S. Federal Reserve policy announcement and interest rate decision

New Zealand Dollar: NZD/USD (NZD=X) major players on the sidelines ahead of the U.S. Federal Reserve policy announcement and interest rate decision The New Zealand Dollar is trading in a tight range against the U.S. Dollar for a second straight session on Tuesday. With most of the major players on the sidelines ahead of the […]

New Zealand Dollar: NZD/USD (NZD=X) direction likely to be determined by trader reaction to the short-term 50% level at .6687

New Zealand Dollar: NZD/USD (NZD=X) direction likely to be determined by trader reaction to the short-term 50% level at .6687

New Zealand Dollar: NZD/USD (NZD=X) direction likely to be determined by trader reaction to the short-term 50% level at .6687 The New Zealand Dollar continues to feel pressure from a Reserve Bank of New Zealand report that showed it is at a “very early stage” in refreshing its “unconventional monetary policy strategy.” Traders are also […]

New Zealand Dollar: NZD/USD (NZD=X) June trade surplus was wider than expected

New Zealand Dollar: NZD/USD (NZD=X) June trade surplus was wider than expected

New Zealand Dollar: NZD/USD (NZD=X) June trade surplus was wider than expected The New Zealand Dollar is trading lower early Wednesday as the U.S. Dollar rose in reaction to news that U.S. trade negotiators will head to China to recommence trade talks. U.S. trade negotiators are planning to head to China for face-to-face talks as […]

New Zealand Dollar: NZD/USD (NZD=X) RBNZ on course for an interest rate cut in August

New Zealand Dollar: NZD/USD (NZD=X) RBNZ on course for an interest rate cut in August

New Zealand Dollar: NZD/USD (NZD=X) RBNZ on course for an interest rate cut in August The idea that the RBNZ could be moving towards QE has weighed on the bird in Asia today, as markets are looking for clues as to which of the central bank will be the first to the bottom. So far, […]

New Zealand Dollar: NZD/USD (NZD=X) risk for some pullback

New Zealand Dollar: NZD/USD (NZD=X) risk for some pullback

New Zealand Dollar: NZD/USD (NZD=X) risk for some pullback The Kiwi breakout looks precarious here near-term after taking out targets into 6766 – Risk for some pullback early in the week but the trade remains constructive while above 6705. Subsequent topside resistance objectives at 6805 and 6843. Overall, the bias in prices is: Upwards. By the way, prices are vulnerable to a correction […]

New Zealand Dollar: NZD/USD (NZD=X) direction likely to be determined by trader reaction to a pair of Gann angles at .6627 and .6647

New Zealand Dollar: NZD/USD (NZD=X) direction likely to be determined by trader reaction to a pair of Gann angles at .6627 and .6647

New Zealand Dollar: NZD/USD (NZD=X) direction likely to be determined by trader reaction to a pair of Gann angles at .6627 and .6647 The New Zealand Dollar took a hit on Friday after the U.S. Dollar rallied sharply in reaction to a report from the U.S. Labor Department which revealed non-farm payrolls rose by 224,000 […]

New Zealand Dollar: NZD/USD (NZD=X) downside risks related to trade activity have intensified

New Zealand Dollar: NZD/USD (NZD=X) downside risks related to trade activity have intensified

New Zealand Dollar: NZD/USD (NZD=X) downside risks related to trade activity have intensified The Reserve Bank of New Zealand (RBNZ) held interest rates steady on June 26, but said further cuts to borrowing costs may be needed given growing economic risks at home and abroad. The RBNZ kept the official cash rate (OCR) at a […]

New Zealand Dollar: NZD/USD (NZD=X) next upside target is the April 30 main top at .6686

New Zealand Dollar: NZD/USD (NZD=X) next upside target is the April 30 main top at .6686

New Zealand Dollar: NZD/USD (NZD=X) next upside target is the April 30 main top at .6686 The New Zealand Dollar finished higher on Friday as a weaker-than-expected U.S. Non-Farm Payrolls report helped raise the chances of a sooner-than-expected rate cut by the U.S. Federal Reserve. As the odds of the rate cut increased, the 10-year […]

New Zealand Dollar: NZD/USD (NZD=X) will be primarily driven by the Employment Change and Unemployment Rate report

New Zealand Dollar: NZD/USD (NZD=X) will be primarily driven by the Employment Change and Unemployment Rate report

New Zealand Dollar: NZD/USD (NZD=X) will be primarily driven by the Employment Change and Unemployment Rate report The New Zealand Dollar was dragged lower by the severe sell-off in the Australian Dollar. A similar miss in New Zealand inflation data released earlier in April drove the chances of a Reserve Bank of New Zealand rate […]

New Zealand Dollar: NZD/USD (NZD=X) volatility could be heightened

New Zealand Dollar: NZD/USD (NZD=X) volatility could be heightened

New Zealand Dollar: NZD/USD (NZD=X) volatility could be heightened In New Zealand, the RBNZ was quite clear last month when it said the next policy change by the central bank is likely to be a rate cut. Furthermore, last week’s CPI data served as proof that the economy is weakening. Therefore, justifying the rate cut. […]

New Zealand Dollar: NZD/USD (NZD=X) Pressured by Weak CPI Data

New Zealand Dollar: NZD/USD (NZD=X) Pressured by Weak CPI Data

New Zealand Dollar: NZD/USD (NZD=X) Pressured by Weak CPI Data After opening the week steady, the New Zealand Dollar took a dive on Wednesday and never recovered, finishing near its low for the week. The catalyst behind the selling pressure was weaker-than-expected consumer inflation data. The bearish news was offset slightly and temporarily by positive […]

New Zealand Dollar: NZD/USD (NZD=X) sellers struggling to breach 6-month trend line support

New Zealand Dollar: NZD/USD (NZD=X) sellers struggling to breach 6-month trend line support

New Zealand Dollar: NZD/USD (NZD=X) sellers struggling to breach 6-month trend line support The New Zealand Dollar has not made much progress since last week’s dramatic drop against its US namesake. Sellers have attempted to force a breakdown, but a lasting breach of rising trend support guiding the Kiwi higher since early October 2018 lows […]

New Zealand Dollar: NZD/USD (NZD=X) still trading within the 2019 consolidation range

New Zealand Dollar: NZD/USD (NZD=X)  still trading within the 2019 consolidation range

New Zealand Dollar: NZD/USD (NZD=X) still trading within the 2019 consolidation range Kiwi rebounded off slope support last week with price still trading within the 2019 consolidation range. Key support at last week’s low – resistance at 6837 backed by 6870/76. A break / close lower would exposes the 200DMA at 6735 and 6722. Overall, the bias in prices is: […]

New Zealand Dollar: NZD/USD (NZD=X) weighed down early in the session by steep falls in Asian stocks

New Zealand Dollar: NZD/USD (NZD=X) weighed down early in the session by steep falls in Asian stocks

New Zealand Dollar: NZD/USD (NZD=X) weighed down early in the session by steep falls in Asian stocks The Australian and New Zealand Dollars rebounded after early session weakness on Monday to close higher for the session. The rally was fueled by another steep drop in U.S. Treasury yields. The yield on the benchmark 10-year Treasury […]

New Zealand Dollar: NZD/USD (NZD=X) to strengthen further

New Zealand Dollar: NZD/USD (NZD=X) to strengthen further

New Zealand Dollar: NZD/USD (NZD=X) to strengthen further We have held the same view since last Tuesday (12 Mar, spot at 0.6835) wherein we expected NZD to trade sideways within a 0.6750/0.6885 range. Over the past couple of days, we warned that “the prospect for a break of 0.6885 first appears to be higher but […]

New Zealand Dollar: NZD/USD (NZD=X) gradually making a new higher highs and lower lows

New Zealand Dollar: NZD/USD (NZD=X) gradually making a new higher highs and lower lows

New Zealand Dollar: NZD/USD (NZD=X) gradually making a new higher highs and lower lows The New Zealand Dollar is gradually making a new higher highs and lower lows since the currency pair bounced off a support level formed by the 200-hour simple moving average at 0.6809 on March 14. The exchange rate tested a resistance […]

New Zealand Dollar: NZD/USD (NZD=X) the theme has continued with a mix of “risk on” sentiment

New Zealand Dollar: NZD/USD (NZD=X) the theme has continued with a mix of “risk on” sentiment

New Zealand Dollar: NZD/USD (NZD=X) the theme has continued with a mix of “risk on” sentiment The New Zealand Dollar (NZD) received a boost Friday after broad based declines in the US Dollar (USD) took the kiwi off the low of 0.6744 to close at 0.6800. This week the theme has continued with a mix […]

New Zealand Dollar: NZD/USD (NZD=X) Climb Vs. The US Dollar

New Zealand Dollar: NZD/USD (NZD=X) Climb Vs. The US Dollar

New Zealand Dollar: NZD/USD (NZD=X) Climb Vs. The US Dollar In line with BK Asset Management’s FX forecasts, the Euro (EUR), Australian and New Zealand Dollars (AUD, NZD) all rose against the US Dollar (USD) during Tuesday’s session amid Fed Chair Jerome Powell’s testimony on US monetary policy and economic outlook. EUR/USD gained 0.28% over […]

New Zealand Dollar: NZD/USD (NZD=X) gained on the back of comments by President Trump

New Zealand Dollar: NZD/USD (NZD=X) gained on the back of comments by President Trump

New Zealand Dollar: NZD/USD (NZD=X) gained on the back of comments by President Trump Both the Aussie and Kiwi gained on the back of comments by President Trump, in which he stated that he would delay the planned tariff increase on Chinese imports (Deadline March 1st) and that he will be looking to have summit […]