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NZDUSD Poises for an Upward Retracement Due to Oversold Conditions

NZDUSD Analysis – January 31 The NZDUSD is poised for an upward retracement due to the oversold market conditions signalled by the Stochastic Oscillator. Even though there is a possibility of a bounce, the prevailing sentiment in the broader market suggests a bearish inclination. The ongoing retracement may be followed by the potential resumption of […]

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NZDUSD Resumes Downward Trend

Market Analysis – November 14 NZDUSD Resumes Downward Trend premium range. NZDUSD price crashed after a false bullish breakout above 0.6040. The speed of the price delivery to the demand level of 0.5770 was very quick. The support level of 0.5860 was broken to continue the down. trend. The impulse price delivery gave room for […]

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NZDUSD Lurks at the 0.6230 Key Level

Market Analysis – March 28 NZDUSD has experienced a breakout from a falling wedge on the daily timeframe. The Bears are unwilling to let go at the demand level, making it difficult for the price to rise after the bullish breakout. NZDUSD Key Levels Demand Levels: 0.6090, 0.5770, 0.5570 Supply Levels: 0.6230, 0.6350, 0.6500 NZDUSD […]

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NZDUSD Respects the Bearish Trendline

Market Analysis – February 26 NZDUSD has turned bearish on the daily timeframe. The third test of the downward trendline has fostered a selloff in the market. NZDUSD Key Zones Demand Zones: 0.620, 0.590, 0.560 Supply Zones: 0.650, 0.670, 0.700 NZDUSD Long-term Trend: Bearish Last year, the NZDUSD market experienced its first major break of […]

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Australian Dollar Ends 2022 7% Lower, YTD

After a year in which it was pushed lower by abrasive interest rate increases everywhere, economic limits in China, and concerns for global growth, the Australian dollar ended 2022 with a 7% annual decline, its largest since 2018. Another risky currency, the New Zealand dollar, ended the year 7.5% lower than it started, which would […]

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AUD and NZD Set to Close the Week on a Bullish Footing

On Friday, the Australian dollar (AUD) and New Zealand dollar (NZD) maintained significant weekly gains as the sharp decline in Treasury rates hurt their American counterparts and indications of a loosening of China’s zero COVID policy raised risk sentiment. AUD and NZD Tap Monthly Peak Against Weakening USD The Australian dollar, which yesterday hit a […]

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