Category: NZDUSD
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NZDUSD trading near session highs for the week. Bias more in favor of buyers.
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As the trading week comes to a close, the NZDUSD pair is trading near its highest levels of the week. Technically, the move to the upside also broke the 100-bar moving average on the 4-hour chart at 0.61116 and the 200-bar moving average on the same chart at 0.61267. Today’s…
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NZDUSD Technical Analysis – The price is bouncing on a key support level
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Basic overview The US dollar continues to get support from good economic data as seen recently from the US PMIs last Friday and the US Consumer Confidence report this week. Although this data keeps interest rate expectations stable around two cuts by the end of the year, it should also…
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NZDUSD Technical Analysis – The price is getting closer to a key support
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Basic overview Last week, the US dollar lost strength across the board after the weak US CPI report, with the market cutting interest rates twice by the end of the year. The moves were reversed soon after as we got a slightly tougher than expected decision from the FOMC as…
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Chart Art: How Low Can NZD/USD Go Before Extending Its Uptrend?
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NZD/USD has been rejected from the previous resistance area and looks set to test lower inflection points! How far can the NZD/USD pair go before it continues its weeks-long upward trend? Let’s check the 4-hour time frame: NZD/USD Forex 4 Hours Chart by TradingView The NZD/USD pair made its highest…
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UBS sees NZD/USD on shaky ground amid economic headwinds By Investing.com
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UBS has expressed caution regarding the New Zealand dollar (NZD), citing a challenging economic outlook and the potential for underperformance against other major currencies. The pair has traded within a range of 0.59 to 0.62 recently, with relatively high interest rates in New Zealand providing some support despite the weakness…
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The RBNZ rate decision sent the NZDUSD higher into swing area resistance. What next?
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The Reserve Bank of New Zealand kept interest rates unchanged but raised its forecasts for future interest rates. This was more stringent and sent the NZD/USD pair higher. But after reaching the swing zone resistance between 0.6148 and 0.6159, buyers turned to sellers. It was believed that Governor Orr’s comments…