Technical Analysis; NZD/USD - XAG/USD

4 July, 2017


NZD has been growing against USD for about two months. The pair broke through an important psychological level of 0.7300 and formed the triple top pattern in H4 timeframe.

  • Support and resistance
  • Support levels: 0.7300, 0.7240, 0.7170, 0.7075.
  • Resistance levels: 0.7345, 0.7400, 0.7490.


Silver has been weakening during the last months, and last week has almost reached the 2-month minima at the area of 16.20-16.50. Other precious metals, gold and platinum, are trading with the same dynamics. This decrease is characterized by the simultaneous fall of the US dollar. The growth of silver within the correction from the strong support level is expected in the next two days.

  • Support and resistance
  • Support levels: 16.45, 16.00, 15.60, 15.00.
  • Resistance levels: 16.80, 17.10, 17.35.

Source link   Presented by STO

New Zealand Dollar nosedives

The New Zealand Dollar weakened against every single G10 currency this morning after the Reserve Bank of New Zealand (RBNZ)...

NZ Inflation Weaker Than Expected

The quarterly inflation report from New Zealand saw consumer prices rising at a slower pace than forecast. Data from Statistics New Zealand showed...

RBNZ Interest Rate Decision

We could see some volatility in NZD pairs later in the Asian session around what is probably the most important and market-moving event of the month...

New Zealand Dollar severely hit

Investors in Asia largely brushed off the ongoing trade fight between China and the U.S., with Shanghai's blue-chip stocks climbing 2.4%, a move...

NZD falls on RBNZ dovish stance

It's been an exciting morning for the Reserve Bank of New Zealand as they announced that they see rates being held at 1.75% until 2020 in the current market...

NZD slips on trade data

The New Zealand economy looks to be taking a hit, with trade balance data coming in much weaker than expected at -113M (200M exp), showcasing that...

NZD/USD: No signs of a near breakout

NZD/USD has been stuck in a sideways range of 0.6690-0.6860 in July, and shows no sign of a near term breakout, according to Imre Speizer, Head...

NZD sinks further as the USD shines

The New Zealand dollar has taken a dive today as pressure continues to be piled on commodity currencies and the NZD especially. With some very poor...

NZD in focus ahead of RBNZ rate decision

There is a lot of heat on the upcoming interest rate decision for New Zealand; not because of the fact that markets are expecting it won't change, but more...


Share it on:   or