New Zealand Dollar: NZD/USD (NZD=X) continues to weaken on expectations of further rate cuts by the Reserve Bank of New Zealand

New Zealand Dollar: NZD/USD (NZD=X) continues to weaken on expectations of further rate cuts by the Reserve Bank of New Zealand

New Zealand Dollar: NZD/USD (NZD=X) continues to weaken on expectations of further rate cuts by the Reserve Bank of New Zealand The New Zealand Dollar continues to weaken on expectations of further rate cuts by the Reserve Bank of New Zealand even after central bankers shocked the markets with a surprise 50-basis point rate cut […]

New Zealand Dollar: NZD/USD (NZD=X) continues to drift sideways

New Zealand Dollar: NZD/USD (NZD=X) continues to drift sideways

New Zealand Dollar: NZD/USD (NZD=X) continues to drift sideways The New Zealand Dollar continues to drift sideways to lower nearly two week after the Reserve Bank of New Zealand (RBNZ) stunned the financial markets by cutting interest rates a steep 50 basis points and even indicated it may be willing to take rates below zero. […]

New Zealand Dollar: NZD/USD (NZD=X) builds support from key Fibonacci

New Zealand Dollar: NZD/USD (NZD=X) builds support from key Fibonacci

New Zealand Dollar: NZD/USD (NZD=X) builds support from key Fibonacci NZD/USD continues to show evidence of having bottomed. Last week I looked at the initial build of a falling wedge pattern and this led to a continued test of support at the .6403 Fibonacci level, which is the 61.8% marker of the 2008-2011 major move […]

New Zealand Dollar: NZD/USD (NZD=X) traders are also paying close attention to global bond yields and investor demand for riskier currencies

New Zealand Dollar: NZD/USD (NZD=X) traders are also paying close attention to global bond yields and investor demand for riskier currencies

New Zealand Dollar: NZD/USD (NZD=X) traders are also paying close attention to global bond yields and investor demand for riskier currencies The New Zealand Dollar is trading flat early Wednesday with prices continuing to flatline around the mid-point of the August 7 wide-range trading session. That was the day that the Reserve Bank of New […]

New Zealand Dollar: NZD/USD (NZD=X) breaches 2019 support shelf, challenging 2018 bottom

New Zealand Dollar: NZD/USD (NZD=X) breaches 2019 support shelf, challenging 2018 bottom

New Zealand Dollar: NZD/USD (NZD=X) breaches 2019 support shelf, challenging 2018 bottom The New Zealand Dollar extended lower after breaking the bounds of the upswing from mid-June, pushing below the support shelf in the 0.6482-96 area to challenge the October 2018 low at 0.6425. A daily close underneath that exposes the January 2016 bottom at 0.6348 next. […]

New Zealand Dollar: NZD/USD (NZD=X) .6378 will signal a resumption of the downtrend

New Zealand Dollar: NZD/USD (NZD=X) .6378 will signal a resumption of the downtrend

New Zealand Dollar: NZD/USD (NZD=X) .6378 will signal a resumption of the downtrend The main trend is down according to the daily swing chart. A trade through .6378 will signal a resumption of the downtrend. The main trend will change to up when buyers take out .6791. This is highly unlikely today. The minor trend […]

New Zealand Dollar: NZD/USD (NZD=X) will follow the CNY down against the USD to fresh lows

New Zealand Dollar: NZD/USD (NZD=X) will follow the CNY down against the USD to fresh lows

New Zealand Dollar: NZD/USD (NZD=X) will follow the CNY down against the USD to fresh lows On Friday 2 August, just before dawn NZ time, President Trump tweeted that he would place 10% tariffs on the remaining $300b of Chinese imports not already facing punitive tariffs as of 1st September. This followed a restart of […]

New Zealand Dollar: NZD/USD (NZD=X) RBNZ looks to have gone full-blown dovish with more talks of negative rates and unconventional policies today

New Zealand Dollar: NZD/USD (NZD=X) RBNZ looks to have gone full-blown dovish with more talks of negative rates and unconventional policies today

New Zealand Dollar: NZD/USD (NZD=X) RBNZ looks to have gone full-blown dovish with more talks of negative rates and unconventional policies today The pair is looking to snap a run of ten consecutive daily losses today as the kiwi is holding firmer after the drop following the RBNZ decision to cut its OCR by 50 […]

RBNZ Surprise Slams New Zealand Dollar: NZD/USD (NZD=X)

RBNZ Surprise Slams New Zealand Dollar: NZD/USD (NZD=X)

RBNZ Surprise Slams New Zealand Dollar: NZD/USD (NZD=X) NZDUSD has been slammed following the surprise decision by the RBNZ to cut rates by 50bps (Exp. 25bps). Consequently, the pair broke through key support at 0.6480 before testing the psychological 0.6400 handle. Momentum indicators as signalled by the DMI are bearishly aligned, however, given the size […]

New Zealand Dollar: NZD/USD (NZD=X) traders are also positioning themselves ahead of the RBNZ interest rate decision

New Zealand Dollar: NZD/USD (NZD=X) traders are also positioning themselves ahead of the RBNZ interest rate decision

New Zealand Dollar: NZD/USD (NZD=X) traders are also positioning themselves ahead of the RBNZ interest rate decision The New Zealand Dollar is trading higher on Tuesday, but pulling back from its high hit earlier in the session, following the release of stronger-than-expected employment numbers. Despite the solid data, traders don’t think the news will prevent […]

New Zealand Dollar: NZD/USD (NZD=X) weaker as PBOC, trade tensions push Chinese currency lower

New Zealand Dollar: NZD/USD (NZD=X) weaker as PBOC, trade tensions push Chinese currency lower

New Zealand Dollar: NZD/USD (NZD=X) weaker as PBOC, trade tensions push Chinese currency lower The New Zealand Dollar entered the new week on its back foot Monday as commodity currencies followed the Chinese Renminbi lower, although analysts at HSBC and Commonwealth Bank of Australia(CBA) have warned there are more losses in store for the Kiwi unit in the […]