NZD/USD showed a good correction after it dipped to 0.6196 towards the end of the American trading period. A correction of good market feeling supported the base currency: NZD. In addition, perceived uncertainty surrounding the Federal Reserve Rate hike declaration died down. Consequently, this has caused traders and investors to start providing more liquidity to […]
NZDUSD Analysis – May 23 NZDUSD makes a bullish retracement within the downtrend. The market trend is obviously bearish on the daily timeframe. The market has formed a stair-step pattern to lower prices. The market reversed in April from being bullish to bearish. After the reversal, a wave of impulsive and correction moves has been […]
NZDUSD Analysis – May 17 NZDUSD continues its back and forth movement in a bearish market. The price recently hit a solid impediment at the upper frame of its descending channel, which confluences with the 0.69460 resistance level. This resulted in a steep drop in price to a 2-year low of 0.62290. With this, the […]
NZDUSD Analysis – May 9 NZDUSD dips into an oversold level with the recent push through 0.6540. The market has been in a downtrend on the daily chart. The Moving Average period eighty-nine crossed the Moving Average period 200 to the downside during August last year. Ever since then, the market has been bearish. The […]
De pearwearde is op in erkend stipenivo, om't hannelers nije promotors ferwachtsje. Nij-Seelânske dollar tsjin de Amerikaanske dollar is op in platte lokaasje tidens in kalme Aziatyske sesje, om't it wurdt ferkocht en kocht op 0.6945 neidat it ferpleatst fan 0.6945 nei 0.6937 en dan werom nei 0.6945. D'r is gjin wearde […]
The NZD/USD pair entered a bearish cycle in the early European session on Monday, surrendering the 0.6800 mark as it lost some of the gains accrued last week. The forex pair failed to capitalize on the goodish bounce from last week after meeting fresh supply around the 0.6825 top and got held back by a […]
NZDUSD Price Analysis – September 5 NZDUSD is set to lose its bullish momentum as sellers continue to add more pressure to the market. There has been a market shift as price begins to consolidate between the significant key levels of 0.73160 and 0.71620. Price then broke through the 0.71620 significant level, indicating 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 […]
