Commodity currencies like the CAD AUD and NZD are showing weakness against the USD in the current bout of risk aversion. As the USD/CAD pushes above parity and AUD/USD slides toward parity, the NZD/USD is in a free-fall as well since breaking below consolidation support and 200-day simple moving…
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Next Possible Support Levels for the Free-Falling NZD/USD
Forex – La coppia NZD/USD su durante la sessione Asiatica
Forexpros – Il valore del Dollaro Neozelandese é stato più alto rispetto al Dollaro Americano …
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NZD/USD makes fresh session low of 0.7991, trades 0.7992 last (-116 pips)
BREAKING
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NZD/USD: Trading the New Zealand Employment Change
The New Zealand Employment Change is an important leading indicator which often has a significant impact on the markets. Traders and analysts carefully examine the indicator, looking for any trends which could affect NZD/USD. A reading which is better than the market forecast is bullish for the New…
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RBNZ Preview as NZD/USD Hovers Above a Support Cluster
The daily NZD/USD chart shows a market trading sideways after topping off around a common high of 0.8420. A price around between roughly 0.8290 and 0.8060 has been set, and the market during 4/25 Asian trading is trading at 0.8120. Note that as we approach the range support, we are also breaking…
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NZD/USD Preview: Surprise in 1Q CPI Data Can Jolt Kiwi
New Zealand releases its 1Q CPI data in the Wednesday session, an important report, and one that can be a catalyst for some moves in the NZD/USD pair. While inflation is expected to be fairly muted, and therefore is not a major concern for the RBNZ, a positive surprise can help give the Kiwi…
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NZD/USD Breaks Above 0.83 and Consolidation Range
The NZD/USD has been trading sideways essentially for the entire month of March and into April, until 4/13 the Asian-European Session. The range had outside support at 0.8060 and resistance near 0.8290. The market has pushed above 0.83 entering the 4/13 US trading. Also note that with the breakout,…
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Forex – La coppia NZD/USD su durante la sessione Asiatica
Forexpros – Il valore del Dollaro Neozelandese é stato più alto rispetto al Dollaro Americano …
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NZDUSD 8060 is key to near term bull trend
Similar to the AUDUSD, a 4th wave interpretation of the decline from 8470 is valid as long as price is above 8060. The combination of support from the Elliott channel / 38.2% retracement of the rally from 7460 and daily key reversal last Thursday is strong bullish evidence. The NZDUSD held its…
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NZD/USD Confirming Topping with Eye on 0.79
The market faded the NZD/USD after it had a pullback toward the 0.83 level, failing to reach 0.83, and respecting the 200 SMA in the 4H chart. The previous update anticipated this rally and the trade plan to fade it around this area is working out. This means the market is confirming the break below…
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