Price dropped perfectly and reached our profit target from yesterday. We turn bullish above 0.7091 support (Fibonacci retracement, ascending support, swing low support) for a push up to at least 0.7150...
7 Dec 2016Exness
The upward momentum seems to have run out of steam. There is potential to move towards 0.7250 once the immediate support represented by the 0.7300 level is taken out. Conversely, if the resistance around 0.7350 breaks, then a move up towards 0.7400 could be the next stop...
8 Nov 2016FortFS
The New Zealand dollar has managed to claw back some of it's earlier losses as the strong dollar starts to wane, and as economic data out of New Zealand continues to be a mixed back but mostly bullish...
6 Sep 2016FXTM
With the focus being almost entirely on the issue of Brexit and the pound this week - perhaps rightly so - traders should not lose sight of many other tradable opportunities that will present themselves in the interim...
22 Jun 2016FOREX.com
Markets have been focused on the NZ trade balance and budget. NZ April 2016 Merchandise Trade prints positive numbers that drives NZD's strength for the moment. Balance: $292m (Market f/c: $117m)...
26 May 2016Vinson Financials Ltd
A surprise rate cut from the RBNZ a couple of weeks ago was enough to send the New Zealand dollar tumbling by a couple of hundred pips. However, there was no further follow-through in the selling pressure once the Kiwi reached the key 0.6600 support area...
31 Mar 2016FOREX.com
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Although retail sales in New Zealand had grown in Q$ (1.2% against the forecast of 1.4% and 1.5% in the previous quarter), the pair NZD/USD fell earlier this morning. According to reported released by the Reserve Bank of New Zealand...
16 Feb 2016LiteFinance
As the situation in the commodity markets stabilizes, investors turn their attention to the high-yielding currencies once again. At present, the yield spread between 10-year government bonds in New Zealand and the United States is 122 bps, which supports the Kiwi...
5 Feb 2016Exness
Yesterday the pair continued falling amid growing anxiety on the market due to resumed fall in oil prices and the Asian stock markets. At the same time, the US Dollar remains under pressure prior to the Fed Interest Rate Decision that is due tomorrow...
26 Jan 2016LiteFinance
Yesterday the pair strengthened showing volatile trade during the day. The NZD was pressured by data on the Consumer Price Index for the fourth quarter of 2015 from New Zealand that grew by only 0.1% against the previous month, while economists predicted a 0.4% growth...
21 Jan 2016LiteFinance
Yesterday the pair significantly fell amid the publication of poor data on the Consumer Price Index in New Zealand. In the fourth quarter of 2015, the index fell to 0.1% while economists predicted a 0.4% growth...
20 Jan 2016LiteFinance
The macro backdrop for the Kiwi (NZD) remains bearish with recent data showing weak credit card retail sales in New Zealand, along with the risk off global sentiment that kicked off the start of the year, the currency has been kept under pressure...
19 Jan 2016HFM
The pair keeps being pressured by strengthening US Dollar that was significantly supported after the publication of strong labour market statistics in the US that came out on Friday. According to the Bureau of Labor Statistics...
12 Jan 2016LiteFinance
Over the last week, we have written about the early signs of a potential bottom forming in AUD/USD (see here and here for examples), but we haven’t taken a close look at the Aussie’s antipodean brother NZD/USD, even though the kiwi appears to be a few days ahead...
30 Dec 2015FOREX.com
Yesterday the pair showed high volatility but closed at opening levels. However, today the pair started falling despite the publication of quite strong macroeconomic data in New Zealand, where the GDP for the third quarter of the year grew by 0.9%, against a 0.3% growth in the previous quarter...
17 Dec 2015LiteFinance
Today forecasts made by the Minister of Finance of New Zealand have supported the Kiwi. He noted that the country GDP will slow down to 2.1% in Q1 2016, but the growth rate will be 2.7% at average in the next 5 years...
15 Dec 2015Exness
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Towards the end of the week, the pair substantially grew. The pair was unexpectedly supported by the RBNZ decision on interest rates made on Wednesday. As was forecasted, the rate was cut by 25 basis points to 2.5% that caused a sharp growth in the pair...
11 Dec 2015LiteFinance
As expected, the RBNZ lowered its key interest rate by 25 bps to 2.50%. The market's reaction was quite unusual - the exchange rate of the Kiwi rose. The regulator's remark that this reduction will be sufficient to achieve the inflation target (in the medium term) has supported the NZD/USD pair...
10 Dec 2015Exness
On Thursday, the NZD/USD was trading slightly down. The volatility was very low due to celebrations of a Thanksgiving Day in the US...
27 Nov 2015LiteFinance
On the 4-hour chart, the price is trying to rebound from the level of 0.6454. A breakout of the level of 0.6500 would allow the pair to grow to 0.6550 (23.6% correction). However, in the medium-term more likely seems to be a breakdown of the level of 0.6454 and a fall continuation...
18 Nov 2015LiteFinance
The NZD/USD pair finished last week with choppy trading and remained near its local lows at 0.6500. On Thursday, in her speech Fed’s Chair Janet Yellen confirmed that monetary policy tightening in the US could happen at the December meeting of the regulator...
16 Nov 2015LiteFinance
The October data on foreign trade and inflation in China indicate a slowdown of the economic activity in the world's second largest economy, which has a negative impact on the commodity currencies, including the Kiwi...
11 Nov 2015Exness
Markets remain snore-inducingly slow as we move into the latter portion of today US session. That said, traders may want to start looking ahead to some of the noteworthy data on tap in the coming Asian session...
11 Nov 2015FOREX.com
On the daily chart, the pair stopped at the 50% Fibonacci retracement and attempting to develop an upward impulse. The previous candle was closed below the bottom MA of Bollinger Bands, while the price is currently trading below the line. The EMA130 and EMA65 start turning down...
5 Nov 2015LiteFinance
At the beginning of the week, the volatility in the NZD/USD pair was very low. Though the USD was trying to strengthen, the NZD managed to more or less hold its positions...
3 Nov 2015LiteFinance
On the daily chart, the pair bounced off the middle MA of Bollinger Bands and growing towards the upper MA of the indicator. The EMA65 turned up, while the EMA130 is still directed sideways. A longer-term descending trend was broken...
26 Oct 2015LiteFinance
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On the daily chart, the price remains below strong resistance at 0.6845 that it successfully tested in the end of last week but could not consolidate above the level...
23 Oct 2015LiteFinance
The decline of the annual growth rate of China's GDP from 7% to 6.9% in Q3 2015 can be one of the factors that contribute to the US Federal Reserve maintaining the key interest rate in the range of 0-0.25% in October...
19 Oct 2015Exness
The consumer price index in New Zealand increased by 0.4% (y/y) in Q3 2015, with the previous value of +0.3% (y/y). Rising inflationary pressure reduces the likelihood of the regulator further reducing the key interest rate, which remains at 2.75%...
16 Oct 2015Exness
Chinas foreign trade statistics for September was mixed and put some pressure on the commodity currencies. In the reporting period, imports decreased by 17.7% (y/y), and exports decreased by 1.1% (y/y)...
13 Oct 2015Exness
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