Kiwi limited while under 0.6350
Volatility and erratic moves during the last trading session of the year. NZD/USD to end year with a 7.30% loss. The 0.6500 has the key to more gains for the … Read More
Tag: NZDUSD
Further upside remains elusive below 0.6365 support-turned-resistance
NZD/USD struggles to defend two-day uptrend, seesaws around intraday high. Bearish MACD signals, sustained trading below 21-DMA keep sellers hopeful. One-month-old ascending trend line restricts immediate downside before the monthly … Read More
Extends pullback from 50-DMA towards 0.5800, bullish channel is at risk
NZD/USD remains depressed after reversing from six-week high. Bulls are safe above 0.5790 but oscillators and failure to cross 50-DMA tease sellers. Multiple hurdles stand ready to challenge buyers past … Read More
NZD/USD rises above 0.6300 on an upbeat market mood and a soft US dollar
The NZD/USD erased early week losses and finished the week flat. On Friday, recession fears abated, but growing risks remain skewed to the downside. St. Louis Fed’s Bullard commented that … Read More
NZD/USD slides back from mutli-week highs to low 0.6500s post-robust US jobs data, eyes next week’s US CPI
NZD/USD slid back to the low 0.6500s from earlier multi-week highs as the buck strengthened post-strong US jobs data. Attention turn to US CPI next week and evidence of a … Read More
NZD/USD stabilises near 0.6450 pre-RBNZ as markets digest weak NZ Retail Sales, soft US Service PMI data
NZD/USD has pared some intra-day losses after weak US Service PMI data, but is still lower in the 0.6450 area. NZD was weighed on by softer-than-expected New Zealand Retail Sales … Read More
NZD/USD bounces into upper 0.6700s as traders eye upcoming NZ CPI release, Powell speech
USD profit-taking and localised strength in the antipodean currencies has helped NZD/USD recovery into the upper 0.6700s on Wednesday. Traders eye upcoming key risk events on Thursday, including Q1 NZ … Read More
NZD/USD to plunge towards the 0.6511/6488 zone on a break below 0.6703/6697 – Credit Suisse
NZD/USD is expected to see a clear break of 0.6703/6697 to mark a resumption of the downtrend for a move the lows from August and September 2020 at 0.6511/6488, analysts … Read More
NZD/USD briefly pops above 0.6800 again after US inflation figures not as high as feared
NZD/USD briefly pushed back above 0.6800 in wake of not as high as feared US inflation figures. Analysts said the market had been positioning itself for an upside surprise, hence … Read More
NZD/USD adds to intraday recovery gains, climbs to mid-0.7000s
NZD/USD staged a goodish rebound from 50-day SMA support near the 0.7000 round figure. The risk-on impulse weighed on the safe-haven USD and benefitted the perceived riskier kiwi. Hawkish Fed … Read More