• NZDUSD broke combined support area • Likely to reach support level 0.7000 NZDUSD currency pair recently broke sharply through the combined support area located between the pivotal support level 0.7100 (which has been steadily…
NZDUSD Technical Analysis Report 09 November, 2020
NZDUSD broke key resistance level 0.6760 Likely to rise to 0.6900 NZDUSD recently broke above the key resistance level 0.6760 (which previously reversed the price twice in September, as can be seen below). The breakout…
NZD/USD – Kiwi Struggling to Make Headway, Bullish…
The Kiwi finished 0.49% lower at 0.6540 from 0.6575 yesterday after further attempts to push the Bird above 0.66 cents failed amidst generally bullish sentiment. The NZD/USD pair has bounced off late June lows as…
NZD/USD – RBNZ Clips the Kiwi’s Wings, What’s…
The New Zealand Dollar or Kiwi as it is fondly known among FX traders had its wings clipped by the RBNZ yesterday following the conclusion of its monetary policy meeting. The New Zealand central bank…
NZD/USD – RBNZ to Hold, Upbeat Outlook Versus…
The Kiwi ended its session against the US Dollar just above 0.65 cents at 0.6508 (0.6485 yesterday) heading into today’s RBNZ policy and rate announcement. The Reserve Bank of New Zealand is widely expected to…
NZD/USD – Bird Lifts on RBNZ Turnaround, Negative…
The RBNZ seems to have made a quick one-week turnaround after its meeting last week where Governor Graeme Orr suggested the possibility of negative rates. Yesterday, RBNZ Chief Economist Yuong Ha said that they expect…
NZD/USD – RBNZ and FED Divergence Weigh, Can…
The New Zealand Dollar tumbled under the double whammy of a dovish RBNZ and less dovish Federal Reserve. NZD/USD closed in New York just under the 0.60 cent support level at 0.5995. The Kiwi had…
NZD/USD – RBNZ Unlikely to Ease, Kiwi Steady;…
The Kiwi/Bird/New Zealand Dollar dipped against the USD to 0.6075 from 0.6088 yesterday ahead of today’s RBNZ interest rate decision. New Zealand’s central bank likely to leave its Official Cash Rate unchanged at 0.25%. Traders…
Liquidity Injection Boosts Stocks, Gold, Oil
Asian stocks managed to rebound on Tuesday as the monetary and fiscal injection measures finally manage to calm investors. The Federal Reserve announced yesterday the purchase of more US government debt in the amounts needed…
NZDUSD is Under Selling Pressure for One More…
NZDUSD is under selling pressure for one more day as investors continue to shift their attention to USD safe-haven as the sell-off in global equities resumed today. The coronavirus outbreak uncertainty coincided with a slump…
