Market Analysis -January 25 NZDUSD remains under bearish pressure despite buyers holding above the 0.55500 significant level. The bearish trend, which has been active since last year, persists, with sellers dominating the market after driving the price down from 0.64500. While buyers are attempting to create a foothold, their current strength is insufficient for a […]
The market landscape for AUDNZD, EURNZD, NZDCHF, EURGBP, and AUDCAD reflects dynamic movements amid fluctuating global economic conditions. These currency pairs are exhibiting varying trends, presenting potential opportunities for traders. While a few markets are making solid gains, buyers have largely been in control for some. Below is the market analysis for today. AUDNZDMajor Bias: […]
Market Analysis – February 28 NZDUSD breaks out of a temporary bearish phase in the latest market analysis. The NZDUSD demonstrates a departure from its short-lived bearish trajectory. Initially, the market exhibited a bullish inclination until encountering a notable peak at the 0.63650 supply level. The subsequent rejection at this juncture led to a temporary […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
