Tag Archives: nzd/usd

NZD/USD finding trend line support, may rise on rate hike

The New Zealand dollar is finding support at the downtrend line that goes back to 2011, it is currently trading around the middle of the trading range for today at 0.858. This week the RBNZ is expected to hike rates … Continue reading

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USD/JPY long making progress US equities ramping

We are about an hour and a half from the US close and US equities are doing pretty well today, SPX500 +0.35%, NASDAQ +0.56% and DOW +0.12%. Tomorrow is bank holiday for the US and Euro zone but Tokyo will … Continue reading

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NZD/USD finding trendline support, may rise on rate hike

The New Zealand dollar is finding support at the downtrend line that goes back to 2011. Next week the RBNZ is expected to hike rates from 2.75% to 3%, which means NZD may gain some strength as a result and … Continue reading

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NZD/USD targeting 0.85, NZD rate decision next week

The New Zealand dollar has fallen as expected.  The combination of a dark cloud cover candle pattern and bearish RSI divergence is following through. Whether or not this pair follows through more and breaks below 0.236 fib support around 0.85 … Continue reading

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Heads up NZD CPI in about 30 minutes 22:45 GMT

NZD CPI YoY expected at 1.7% prior 1.6% NZD CPI MoM expected at 0.5% prior 0.1% FOMC official speaking about an hour later may give insight about outlook after data earlier today, may have small affect NZD/USD. NZD/USD trading around … Continue reading

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NZD/USD Technical Analysis April 14th 2014

The New Zealand dollar is continuing to consolidate but should reverse lower soon.  The combination of a dark cloud cover candle pattern and bearish RSI divergence is enough to cancel out the hammer candle, however we could see some consolidation … Continue reading

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USD Technical Analysis April 9th 2014

The US Dollar had a horrible day yesterday crashing below 0.382 fib support at 10,524, next major fib level is marked by 0.50 fib which has proven to be supportive in the past. It is currently trading around 10,450 with … Continue reading

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NZD/USD Technical Analysis April 9th 2014

The New Zealand dollar is continuing to head higher but some caution should be seen, a head and shoulder pattern no longer seems a possibility but there is some RSI divergence occurring which shows some potential weakness. RSI divergence occurs … Continue reading

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NZD/USD Technical Analysis April 8th 2014

The New Zealand dollar is heading into some potential resistance and may be forming a head and shoulder reversal pattern hinting a turn lower is ahead. Neckline support reinforced by long term fib support is at 0.85 and the potential … Continue reading

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