The NZD / USD starts the new week with a firm tone. The US Dollar DXY Index fluctuates within a narrow range above 90.00. The major Wall Street indices appear to be opening in positive territory. The pair NZD / USD It gained traction to the upside during the Asian session on Monday and reached […]
Tag: NZDUSD
Truss says progress is being made at a good pace with New Zealand
“We have made great progress so far, and I hope to speed up negotiations in the third round“UK Trade Minister Liz Truss said Monday. Additional comments: “New Zealand is a vital ally that shares our belief in free enterprise, democracy and the importance of being tough on countries that don’t play fair. “ “We want […]
NZD / USD near daily lows around 0.7180
NZD / USD has started to retreat from the 0.7225-30 resistance zone despite upbeat New Zealand CPI figures. A pullback in the stock markets benefits the safe-haven USD and puts some pressure on the pair. The pair NZD / USD is extending its retracement decline from weekly highs and remains under pressure near daily lows, […]
New Zealand’s CPI rises 1.4% annually in the fourth quarter, improving the expected 1%; NZD / USD returns to highs zone
The New Zealand Consumer Price Index grew by 1.4% y-o-y in the fourth quarter of 2020, equaling the third-quarter result and exceeding the expected 1%. The quarter-on-quarter inflation fell two tenths, reaching the 0.5% compared to the previous 0.7%, but exceeding the 0% estimated by the market. NZD / USD reaction The Kiwi has reacted […]
Targets 0.7250 in the middle of a bullish crossover
The NZD / USD remains poised for a further rally. The 1 hour chart shows a bullish crossover. The RSI remains in overbought conditions. The NZD / USD is looking to extend its breakout to the upside after a brief consolidation stage, thanks to the widespread weakness of the US dollar, upbeat sentiment and a […]
NZD / USD held by bears in support zone testing 0.71 level
The NZD / USD pauses in a familiar support zone, with its eyes set on a rally towards the 50% Fibonacci retracement. Markets await the US presidential inauguration immersed in an appetite for risk. The pair NZD / USD is trading around the 0.7115 level, correcting the last bearish momentum to the low of 0.7102 […]
NZD / USD falls near 0.7100 as the US dollar recovers and Wall Street cuts gains
The US dollar recovers from lows during Yellen’s testimony. The NZD / USD with a bearish bias, points to the 0.7100 area. The pair NZD / USD is again near weekly lows after touching at the beginning of the American session the level of 0.7133. The pair has turned lower and has reached a new […]
NZD / USD to fall towards 0.7006 before resuming uptrend – Credit Suisse
NZD / USD is at risk of a short-term correction as the kiwi paused last week, Credit Suisse analysts warn. However, they note that the dominant uptrend remains clearly intact. Key statements: “The NZD / USD threatens a small top, which would be confirmed below 0.7153 / 44, which would suggest a pullback early in […]
Falls to 3-week lows, vulnerable to further decline
The NZD / USD confirms a bearish break below the support of the shoulder-head-shoulder pattern. The bears could now aim to test the 0.7040 support before falling to the round 0.7000 level. A sustained move above the 0.7235 region is needed to nullify the bearish bias. The NZD / USD pair extends last week’s heavy […]
NZD / USD still targeting 0.75 – Credit Suisse
The bullish outlook for the kiwi (NZD) against the US dollar remains intact, according to analysts at Credit Suisse. They forecast the NZD / USD at 0.75. Key statements: The underlying domestic drivers of the NZD’s strength are expected to persist. High growth and stimulus expectations remain at stake with a majority Labor government. Chinese […]
