.

NZD news

Moderators: mntiwana, mrtools

NZD/USD Tumbles Following Break Of Important Support

#31
NZD/USD dropped sharply on Tuesday, on track to post its biggest daily loss since early March. The New Zealand dollar was the second worst performer among the majors, gaining only against the Japanese yen.

Selling pressure in the pair began after the North American close on Monday as New Zealand traders returned after a holiday on Monday.
________________________
Read more : http://www.economiccalendar.com/2017/04 ... t-support/


NZD/USD forecast for the week of May 1, 2017

#33
The NZD/USD pair broke down significantly during the week, slicing through the symmetrical triangle that we had been in for some time. The 50% Fibonacci retracement level is offering support, and is an area where we had seen quite a bit of noise in 2015. Because of this, I think longer-term trading is going to be difficult, but I think short-term traders may try to play a little bit of a bounce. If we break down from here, I think the 61.8% Fibonacci retracement level near the 0.67 handle will be the next target if we do breakdown.



_________________________
Source : https://www.fxempire.com/forecasts/arti ... sis-404335

NZD/USD Rises Sharply Higher From Support

#35
There were several attempts to break below support in the second half of last week but NZD/USD remained resilient as compared to its major commodity counterparts which had fallen to multi-month lows versus the US dollar. The pair is seen moving decisively higher to start the new week and is on track to post a bullish engulfing on a daily chart.

Support at 0.6867 was prior resistance in the fourth quarter of 2015 and had held the exchange rate lower on two attempts. The level acted as support late last year to trigger a six-week recovery. The pair approached the level last Wednesday and had consolidated near it for the remainder of the week.
___________________________
Read more : http://www.economiccalendar.com/2017/05 ... m-support/


NZD/USD Extends Gains, NZ Labor Data Next

#36
After a sharp push higher on Monday, NZD/USD has extended gains within its recovery. The pair is seen testing resistance from prior support in the second week of April ahead of employment data that will be released shortly after the North American close.

The New Zealand dollar is the only commodity currency to gain versus the greenback as of the European close as both the Australian and Canadian dollar have declined about a third of a percent against the US dollar.
________________________
Read more : http://www.economiccalendar.com/2017/05 ... data-next/

NZ - Unemployment rate: 4.9% (expected 5.1%) & Employment change 1.2% q/q (expected 0.8%)

#37
Unemployment rate: 4.9% HUGE BEAT

expected 5.1%, prior was 5.2%

Employment change 1.2% q/q HUGE BEAT

expected 0.8%, prior was 0.7%, revised from 0.8%

Employment change 5.7% y/y

expected 5.3%, prior was 5.8%

Participation rate 70.6% ... an increase, makes the employment drop in unemployment rate more impressive

expected 70.5%, prior was 70.5%

Average hourly earnings 0.3% ... BIG MISS

expected 0.7%, prior was -0.3%

Private wages including overtime 0.4% MISS

expected 0.5%, prior was 0.4%

Private wages excluding overtime 0.4%

expected 0.4%, prior was 0.4%

NZD/USD Turns Lower To Give Back Early Day Gains

#39
NZD/USD fell under pressure in early European trading and has declined to erase earlier gains, trading relatively unchanged on the day. The daily print will be important as the pair is on track to print a doji after a failed attempt to sustain above resistance.

Resistance in NZD/USD is found at 0.6909 and marks a spike low from April 12th. It also acted as resistance in late April and support in early May. A daily close below the level would reinforce a bearish bias, in line with the trend from highs posted last month.
___________________________
Read more ...

NZD/USD Pushes Higher Ahead Of RBNZ Meeting

#40
NZD/USD scaled above Monday’s peak today to touch a one-week high today prior to retreating. The pair has been consolidating higher after a failed attempt to break through support late last week. A range has been playing over the past two weeks but a break appears likely as the Reserve Bank of New Zealand is scheduled to release their Official Cash Rate (OCR) today as well as a monetary policy statement.

The RBNZ revised their timetable for holding monetary policy meetings last year and now holds meetings every six weeks as opposed to every four weeks. At roughly every other meeting a monetary policy statement is released in addition to the OCR.
__________________________
Read more ...


Who is online

Users browsing this forum: CommonCrawl [Bot], navid110, Pava and 1 guest