The new Zealand dollar is currently trading around 0.64217 against the US dollar. Looking at the weekly time frame its safe to say that this is the 5th week in which has been bearish and, are now reaching our support level on the monthly time frame. Dropping down a time frame into the daily we managed to reach the 0.68000 which was a 3rd touch of the descending...
Bearish run kicked off on 22/07 and dropped in excess of 400+ pips; this run had ended on 7th August at which bulls made an attempt for a recovery- now there seems to be a pullback before the pair potentially shoots upwards. DXY cleared the 98 hurdle but seems to have come to resistance at FIB level.
Fundamentals: The pair remained on the defensive and traded...
PLEASE SEE LAST WEEKS ANALYSIS. I believe the pair is still set to move bearish.
I am not sure as to whether I will take a trade as it seems to be consolidating a lot whilst moving down. Not something I want to stay in for too long.
FUNDAMENTALS:
NZD:
- Thursday - Crude Oil Inventories
USD:
- Monday - Core Durable Goods Orders
- Tuesday - CB Consumer...
Weekly:
A fib retracement shows us that 0.63600 is the first target and the long term target is 0.62000. We can also see the weekly support of 0.65000 has been broken.
Daily:
We can see that the daily is breaking below the 0.64300 support level. It seems to have held for now but there seems to be more pushing it down.
4HR:
We can see on the 4hr chart that the...
NZDUSD - Intraday - We look to Sell at 0.6498 (stop at 0.6523)
Posted Mixed Daily results for the last 6 days. Inside Soldiers have been posted on the daily chart. However, with the intraday chart now highlighting higher lows we are possibly forming an ascending triangle pattern. The previous swing high is located at 0.6498. Bespoke resistance is located at...
NZD USD stay short below trendline Long above
The NZD is trading very badly , with negative Data last week with further rate cuts on the cards , and it is Not Immune with the US China trade war
We will stay short while the trade stays below our trendline
ONLY a strong break and close above would change our short stance .
Personally this Pair has a lot more to...
This pair is the New Zealand Dollar vs. the U.S. Dollar. It is often referred to as trading the “Kiwi” because the $1 coin depicts the Kiwi bird. In 2012 the Reserve Bank of New Zealand intervened to devalue the Kiwi because it had appreciated so much. It is the 10th most traded currency in the world.
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