The NZD / USD is declining during the European session on Wednesday. The US Dollar Index remains relatively quiet above 92.20. The 10-year US Treasury yield is posting small gains ahead of the FOMC Minutes. The pair NZD / USD it declined on Tuesday but managed to rebound during US trading hours before closing virtually […]
Tag: NZDUSD
NZD / USD returns Monday’s gains and extends the slide towards the 0.7000 level
The NZD / USD is falling sharply after closing in positive territory on Monday. The US dollar DXY index posted a modest rally on Tuesday. S&P 500 futures are moving lower after hitting all-time highs. The pair NZD / USD It started the new week on a firm note and posted its highest daily close […]
NZD / USD below 0.6943 points to 200 median at 0.6883 – Credit Suisse
The NZD / USD maintains a shoulder head shoulder formation, say Credit Suisse analysts, who remain bearish. They estimate that below 0.6943, it could go towards the 200-day average. Key statements: “While we do not exclude the possibility of more short-term sideways rallies, with a large ‘head and shoulders’ top in place, as well as […]
NZD / USD rises towards 0.7000 after ADP report
NZD / USD is posting modest daily gains on Wednesday.The US Dollar Index continues to move sideways above 93.00.Private sector employment in the United States increased by 517,000 in March. The NZD / USD pair extended its rebound and touched a daily high of 0.7005 in the early trading hours of the US session. At […]
NZD / USD bounces off 0.6960 and rises to the 0.7000 zone
Kiwi maintains limited recovery but shows signs of stabilization. The dollar falls due to bond stability and corrects down. Ahead: ADP employment data and Biden stimulus plan presentation. NZD / USD is rising modestly on Wednesday and is trading just below 0.7000, after having bottomed out in European hours at 0.6962. The rise to 0.6999 […]
NZD / USD bearish below 0.7000 amid widespread USD strength
The NZD / USD witnessed an intraday trend reversal from the week-long highs amid a sustained buy in the USD. The optimistic US economic outlook, rising US bond yields, and softer risk tone benefited the USD. The pair NZD / USD it remained depressed throughout the early American session and was last seen hovering near […]
Bearish Continuation Flag Pattern Spotted on the 1-Hour Chart
The NZD / USD has struggled to hold its intraday gains at the one-week highs. The formation of a flag pattern supports the prospects for further losses. The NZD / USD pair has returned a significant portion of its intraday gains to week-long highs and is trading in neutral territory, around the key psychological level […]
NZD / USD bounces to 0.7000 region in choppy session
The NZD / USD is posting small daily gains around 0.7000. The US Dollar DXY Index continues to move sideways below 93.00. The major Wall Street indices appear to be opening in negative territory. After closing the previous week deep into negative territory, The NZD / USD pair has faced modest downward pressure during the […]
NZD / USD with modest losses, remains below 0.7000 level
The NZD / USD is witnessing some new selling and returns some of the good recovery movement on Friday. A softer risk tone benefits the safe-haven USD and weighs on the higher perceived risk NZD. The technical setup favors the bears and supports the prospects for further short-term weakness. The pair NZD / USD remains […]
NZD / USD falls to fresh multi-month lows below 0.6950
The NZD / USD came under renewed selling pressure in the US session. The US Dollar Index continues to climb towards 93.00. The 10-year US Treasury yield appears to break the three-day losing streak. After spending the first half of the day fluctuating in a relatively tight range below 0.7000, the pair NZD / USD […]