FXTM information and reviews
IronFX information and reviews
Libertex information and reviews
FXCC information and reviews
FxPro information and reviews
OctaFX information and reviews

NZDUSD consolidates but senses improvements

27 January 2021

NZDUSD is finding some support from the flattening Ichimoku lines while primarily creeping sideways, after the small pullback from the multi-year high of 0.7314. The Ichimoku lines are reflecting the pause in advances, while the soaring simple moving averages (SMAs) are protecting the bullish picture.

The short-term oscillators are demonstrating minor stalling in positive momentum. The MACD, in the positive zone, is pushing back above its red trigger line, while the RSI is trying to sustain improvements in the bullish territory. Furthermore, the positively charged stochastic oscillator is tackling the 80 overbought level.

If the pair gains traction off the Ichimoku lines, upside limitations may originate at the 32½-month high of 0.7314. Should buyers manage to resume the climb, the pair could encounter heavy resistance at the region of highs of 0.7394-0.7437. Conquering this boundary, which curbed advances for three months back in 2018, the price could then target the 0.7525-0.7558 barrier.

However, if sellers dip underneath the Ichimoku lines around 0.7163, neighbouring support could develop from the 50-day SMA at 0.7108 until the 0.7082 low. Retracing further down and into the cloud, the key support section of 0.7000-0.7029 could attempt to dismiss any additional losses. Yet, should the decline claim victory, the pair may aim for the cloud’s lower band and the forthcoming 100-day SMA at 0.6890.

Summarizing, NZDUSD’s bullish bias remains robust above the SMAs, the cloud and the 0.7000-0.7029 border. A continued push off the Ichimoku lines could boost positive price action, while a slide below the 50-day SMA could signal waning in the pair.




Scope for dips towards the 0.6793-0.6776 confluence zone
Scope for dips towards the 0.6793-0.6776 confluence zone

A dovish Reserve Bank of New Zealand (RBNZ) policy outcome this week, accompanied by a bloated NZD long positioning sees the kiwi breaking under a protracted...

25 Nov 2021

NZD/USD struggles for direction, flat-lined above mid-0.7100s
NZD/USD struggles for direction, flat-lined above mid-0.7100s

The NZD/USD pair seesawed between tepid gains/minor losses through the early part of the European session and was last seen trading in the neutral territory...

9 Nov 2021

Move beyond 50% Fibo. sets the stage for further gains
Move beyond 50% Fibo. sets the stage for further gains

NZD/USD gained strong traction for the fifth consecutive session on Tuesday. Sustained break through the 0.7100 confluence hurdle favours bullish traders...

19 Oct 2021

NZD: Buy the Rumor sell the fact?
NZD: Buy the Rumor sell the fact?

The RBNZ confirmed a 25-basis-point rate raise, which had been widely anticipated and already factored into the markets. The NZD, however, did not benefit from the boost...

14 Oct 2021

NZD/USD pares intraday gains, up little around 0.6915-20 area
NZD/USD pares intraday gains, up little around 0.6915-20 area

The risk-on impulse provided a modest boost to the perceived riskier kiwi on Thursday. Hawkish Fed expectations acted as a tailwind for the USD and capped gains for the pair...

7 Oct 2021

The Kiwi is falling
The Kiwi is falling

NZDUSD is being sold after the RBNZ meeting. The New Zealand Dollar is falling against the USD. The current quote for the instrument is 0.6880. During its October meeting...

6 Oct 2021

HotForex information and reviews
XM information and reviews
FXCM information and reviews
AvaTrade information and reviews
LegacyFX information and reviews
FP Markets information and reviews
FP Markets

© 2006-2021 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.