Earlier on Tuesday, the NZD / USD briefly rose above 0.7000 for the first time since mid-2018, with sentiment fueled by the news about the RBNZ. However, amid a broad rally in the USD, the pair has pulled back, but remains supported above 0.6950. Amid a broad recovery in the USD, the NZD / USD […]
Tag: NZDUSD
NZD / USD set to test June 2018 high at 0.7061 – Commerzbank
The NZD / USD is at two-year highs after eroding the highs of December 2018, January and March 2019 at 0.6939 / 70. The kiwi now looks to the June 2018 high of 0.7061, says Karen Jones, Technical Analysis Research Team Leader at Commerzbank. Key statements: “The NZD / USD is eroding the December 2018, […]
NZD / USD retreats from nearly two-year highs, but remains above 0.6900
The NZD / USD experienced a sharp reversal falling from nearly two-year highs just below 0.6970 to briefly below 0.6900. The driver for the reversal was a widespread recovery in the US dollar following strong PMI data, although negative news from the US and China also played a role. Since then the cross has rallied […]
NZD / USD rises to the highest level in almost two years above 0.6960
NZD / USD is building on the gains of the last week on Monday. Broad-based USD weakness helps pair climb. Risk flows are likely to dominate the markets during the US session. The pair NZD / USD it closed the previous three weeks in positive territory and retained its bullish momentum at the beginning of […]
Ignore RSI and hit a two-year high
The NZD / USD reaches the highest level since December 2018. The RSI on the daily chart indicates overbought conditions, but the price chart shows no signs of bullish fatigue. The NZD / USD pair continues to rally, defying bullish fatigue signaled by an overbought reading or above 70 points on the 14-day RSI. The […]
NZD / USD drops to 0.6935 after hitting long-term highs at 0.6950
NZD / USD appreciates for the third consecutive week to hit a 23-month high at 0.6950. Kiwifruit is trading higher as risk appetite returns. NZD / USD is biased to the upside and could break above 0.6945 – Credit Suisse. The New Zealand dollar it is retreating in late Friday trading after posting a fresh […]
NZD / USD bullish, reaches highest levels since 2018 above 0.6950
NZD / USD bulls pushed the cross above the Q1 2019 double top on Friday, bringing the pair to its highest levels since 2018 and above 0.6950. Kiwi bulls appear eager to headline a strong 2021 anticipated for New Zealand, also emboldened by the country’s success against the virus. The NZD / USD it is […]
NZD / USD is pressing again against 0.6942 / 45 – Credit Suisse
The NZD / USD is pressing again against the 0.6942 / 45 resistance and Credit Suisse analysts expect a clear breakout in due time, with the next key level at 0.6970. Key statements: “The NZD / USD is making another attempt at key 2019 resistance and recent highs at 0.6942 / 45. Although we could […]
Drops below the confluence support of an uptrend line and the 100 hourly SMA
The NZD / USD witnesses a profit taking on Thursday and moves away from the highs of almost two years. The bullish oscillators on the daily chart support the outlook for some lower buying to emerge. A sustained break below the 0.6800 level is needed to nullify the positive outlook for the pair. The NZD […]
NZD / USD retreats from highs, holding above 0.6900
NZD / USD touched its highest level since March 2019 above 0.6900. The US dollar index cuts daily losses at the beginning of the American session. Risk appetite flows continue to support the NZD on Wednesday. The pair NZD / USD It touched its highest level since March 2019 at 0.6931 during the European session […]
