www.rbnz.govt.nz
Just want the TV community to be aware of this fundamental change to the Kiwi across the board.
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15 December 2015
Updated weights for Trade-Weighted Index
The annual re-weighting of the Trade-Weighted Index (TWI) will take effect on Wednesday 16 December 2015.
The TWI is a measure of the value of the...
The current sentiment is bearish. Any move up would be consider a minor consolidation for further move down accordingly.
The question is how deep the price would go before resuming the major B wave.
Happy trading!
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Please,...
AUD/NZD bears unable to push the pair below 1.0707 (a double bottom tested on 9th and 10th Dec).
Price action has re-entered hourly cloud and on the day AUD/NZD has been supported by cloud base at 1.0728, daily Stochs are in an oversold zone and will see some unwinding soon.
A close above the 200-DMA at 1.0823 would be very encouraging, bulls could then take...
The antipodeans were under pressure for the second consecutive session on Wednesday after a brutal selloff in oil and commodities saw speculators add to already bearish positions
AUD/NZD slightly bid in the Asian session up around 0.25%, Kiwi weakness seen as we head into the RBNZ policy meet tomorrow
RBNZ is widely expected to cut rates at tommorow's meeting by...
AUD/NZD trades in a neutral setup - 21 DMA at 1.0936 is pivotal support, close below could expose 1.0860 (32.8 % Fibo 1.0496-1.1086 rise).
Upbeat Australia retail sales which increased 0.5% m/m in Oct, marginally higher than previous month had little impact.
Longer upper wicks seen on daily candles raise concerns for upside. The pair is back below the 10 &...
Potential Bearish Gartley set up.
1. Price needs to move into the PRZ in order for this move to be valid.
2. Confluence of 0.786 retracement of XA and 1.272 extension of AB.
3. Confluence of a down trend
4. Further confluence since the PRZ lines up with previous support/resistance.
I am paying close attention to the PRZ and looking for supporting price action.
AUD/NZD price action ranges within the cloud, the pair has edged lower after hitting double tops at 1.1086 (24th and 25th Nov), daily Stochs have rolled over from overbought
The pair was only marginally higher after strong Australia GDP data, hit session highs at 1.0992, but was rejected at highs and is currently trading around 1.0967 levels
Upside in the pair...
AUD/NZD has edged lower after hitting double tops at 1.1086 (24th and 25th Nov). Daily RSI rolls over from overbought and the pair dips back into the cloud
AUD weakness prevalent across crosses after poor Australia Capex data. AUD/NZD pressured lower, hits session lows at 1.0955, minor support at 1.1011 broken, could drop till 1.0730
Rally in metals has helped...
Hi Traders,
Aussie felt below the trendline, which tells me that it's time for a correction!
Wait for a Pullback around 1.10
Entry @ 1.10
SL 1.1066
TP1 1.0854
TP2 1.07824
Trade with care and wait for Pullback and PA for confirmation!
Best regards,
Sam
AUD/NZD trades above its wide range channel (between 1.0895 and 1st July highs of 1.1429). AUD has been surprisingly resilient today despite plunge in commodities.
The pair has broken above 55 DMA at 1.0923 and is currently trading at 1.0931, a close for the week above 1.0895 will affirm bullish bias, a recovery back above the 1.10 handle in sight.
Immediate...
QUICK ANALYSIS - This is an educational trade ("Edu-Trade"), so do the due and cover your assets responsibly.
Entry at 1.09405 = "House-Cleaning" (Prop Pattern)
Stop-Loss at prior structural top = 1.13471
Targets based on Predictive/Forecasting Model:
1 - TG-1 = 1.05072 - 17 AUG 2015
2 - TG-Lo = 1.02807 - 17 AUG 2015
AND
3 - TG-Lox = 1.01341 - 17 AUG...
Price is testing a very strong resistance level. In RSI we see a bearish divergence showing that a possible reversal is about to happen. We can wait for a bearish harmonic pattern to form in a lower timeframe or a more aggressive approach would be to enter now the market with stoploss and profit targets as shown at the chart. If price reaches the first target we...
AUD/NZD has pulled out of the consolidation phase and re-entered its wide range channel between 1.0895 and 1st July highs of 1.1429. AUD led rally in response to surprisingly strong Australian jobs data has buoyed the pair higher.
The pair has broken above 200 DMA at 1.0767 and is currently trading at 1.0899, with next hurdle seen at 1.0921 (50% of Sep/Oct...
AUD/NZD was unable to close above 1.0821 which is 38.2% Fibo of Sep/Nov fall in the previous week. Daily Stochs have turned bearish from overbought levels, RSI is also biased lower.
200 DMA at 1.0763 is a strong resistance point and is pivotal for a rebound in the pair. Close below would then highlight 1.0697 which is 23.6 % Fibo of Sep/Nov fall as a likely next...
The Aussie is up 2.7 percent against the kiwi this week. If sustained, it would be the pair's largest weekly gain in 5 years.
AUD/NZD is holding above 1.0762 (200 DMA) for the past three sessions. A weekly close above 1.0821 which is 38.2% Fibo of Sep/Nov fall reiterates bullish bias which would then propel the pair towards 1.0920 targets.
Aussie is subdued on...
Interest rate differentials and the divergences between RBA and RBNZ likely to push AUD/NZD higher
RBNZ is expected to cut interest rates in the December meeting while the RBA have signalled that they are on hold for the time being
Momentum studies are positive, pair could test 1.0921 50% of Sep/Nov fall, close above 1.0762 (200 DMA) & sustained 1.0821 38.2%...
