The NZD / USD is witnessing strong selling for the third day in a row on Tuesday. Weaker New Zealand retail sales data puts pressure amid sustained USD buying. Acceptance below the 0.7000 level further exacerbates the downward pressure. The pair NZD / USD kept under pressure during the European session on Tuesday, although has […]
Tag: NZDUSD
NZD / USD Stable Near 0.7000, Focus on RBNZ Wednesday for Further Momentum
The NZD / USD draws some lower levels near the 0.6985-80 region on Monday. The optimistic expectations of the Fed continue to benefit the USD and limit the pair’s gains. The market is focused on the upcoming monetary policy meeting of the RBNZ on Wednesday. The pair NZD / USD has recovered from an intraday […]
NZD / USD breaks below 0.7000 as investors expect a 25 basis point rate hike from the RBNZ next week
NZD / USD is down, amid broad US dollar strength across the board. COVID-19 cases are on the rise in Europe, spurring demand for safe haven assets. Fed’s Waller and Clarida: Aim for a faster QE downsizing pace so the US central bank can have some room to maneuver. Money market futures were up 25 […]
NZD / USD returns above the 100-day SMA, around 0.7050
A combination of factors helped the NZD / USD gain strong positive traction on Thursday. The drop in US bond yields caused dollar longs to decline in the long term for the second day in a row. Rising bets on another RNBZ rate hike continued to support the positive intraday move. Aggressive expectations from the […]
NZD / USD struggles near 200 DMA around 0.7100 amid broad US dollar strength
NZD / USD declines from the 200 DMA as the US dollar cuts early losses. The US Dollar Index advances to new year-to-date highs around 95.44. NZD / USD Technical Outlook: A break above the 200 DMA would expose the 2021 high at 0.7465. The NZD / USD It is back from three-day highs around […]
NZD / USD jumps to three-day highs, 0.7100 level back in sight
NZD / USD gained strong positive traction for the second day in a row on Monday. A combination of factors undermined the USD and continued to support the move. The Fed’s aggressive expectations could help limit the USD’s losses and limit the pair’s gains. The pair NZD / USD It continued to climb higher during […]
NZD / USD found strong support at the 100 DMA, around 0.7035
The NZD / USD extends its losses for the third day in a row. No economic data from New Zealand and the United States keeps the pair trending in the dynamics of demand for the US dollar. Harker of the Philadelphia Fed argued that the Fed can raise rates and at the same time lower […]
NZD / USD breaks 200-day SMA and dips below 0.7080 amid high US inflation
The NZD / USD falls sharply, while US inflation figures reached the highest level since 1990. A pessimistic market sentiment is driving safe haven currencies such as the USD and weighing on the NZD of higher perceived risk. A daily close below the 200-day SMA opens the doors to 0.7000 and beyond. The NZD / […]
NZD / USD falls below 0.7150 again, despite recovery in New Zealand consumer spending
NZD / USD is pulling back and has now stabilized below 0.7150. The pair was unable to get support from evidence that New Zealand consumer spending is recovering in the fourth quarter. The NZD / USD it continues to trade on a negative bias and is currently down around 0.3% on the day and is […]
NZD / USD struggles to find direction, sideways above 0.7150
The NZD / USD witnessed a moderate / limited price action within a range on Tuesday. The risk aversion momentum acted as a headwind for the riskier kiwi. Raising bets on another RBNZ rate hike helped limit the pair’s losses. The pair NZD / USD it alternated between tepid gains / minor losses throughout the […]
