NZDUSD Price Analysis – November 16 NZDUSD finds market support around the midway line of its consolidation zone. The market has been struggling to hold above the 0.71300 price line for a while, spanning up to 16 trading days. This happens such that price even dropped to the next support at 0.70900 but recovered in […]
NZDUSD Price Analysis – October 19 NZDUSD races back to a key significant key level in a bullish market. Kiwi continues to amass maximum strength by pushing the price upward. The market accelerated, breaking through an important key level of 0.69800 before advancing upward. The sellers dropped from the 0.71500 price level down to the […]
NZDUSD Price Analysis – August 29 NZDUSD bears are making a significant pullback as the market is rallying upward. Before breaking out, the price initially broke through the 0.70200 resistance key level. However, the market entered a bearish trend after breaking through the major key levels of 0.69500 and 0.69000. Following that, the price reversed […]
NZDUSD Price Analysis – August 23 NZDUSD is likely to continue a downtrend as it appears to be trading above the 0.6800 significant level. The downtrend is perceived to be strong due to a range of consolidations. This consolidation is between the 0.70300 resistance key level and the 0.6900 support level. Because of this accumulation, […]
NZD/USD is trading in the green at 0.7012 at the moment of writing. It has decreased a little today but the bulls are still strong as the DXY is bearish. The pair could register sharp movements during the week as the US is to release high-impact data. Technically, the price action has signaled that the […]
Key Resistance Levels: 0.7000, 0.7200, 0.7400Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BearishNZD/USD is in a downward move. On June 18, the pair fell to the low of level 0.6922 and resumed a sideways move. The currency pair has been fluctuating between 0.6890 and $0.7050 for the past month. The Kiwi is […]
Key Resistance Levels: 0.7000, 0.7200, 0.7400Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BearishNZD/USD is in a downward move. The downtrend resumed after the rejection at level 0.7300. Following the breakdown on June 18, the bears are yet to break level 0.6922 of June 18. Instead, the price has been fluctuating above the […]
There was a report by the Reserve Bank of New Zealand that stated that it has effectively reduced its 100 billion New Zealand Dollar Covid-19 stimulus bond purchase program with immediate effect. This report made the New Zealand Dollar, (affectionately known as the Kiwi Dollar), increase in value. It is believed that this will eventually […]
Key Resistance Levels: 0.7000, 0.7200, 0.7400Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BearishNZD/USD is in a downward move. The currency pair plunged to $0.6923 low after rejection from level 0.7300 overhead resistance. The pair was repelled thrice before the downward move At the downward correction, the price corrected upward but faced rejection […]
