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NZD/USD traded with losses over the last two weeks, following the pullback of the five-month high of 0.6754 and now, it is creating a downward sloping channel. Currently, the price is trading slightly above the short-term simple moving averages (SMAs) near the return line of the channel. The RSI on the 4-hour chart
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NZD/USD maintains its ascent, pushing for higher peaks. NZD/USD opened below the support of 0.6722, after plotting a five-month high of 0.6754 for the end of 2019. The picture for the pair still looks strongly positive, with the Ichimoku lines and all simple moving averages (SMAs) sustaining their bullish crossovers and their
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NZD/USD softens below 4 ½-month high; uptrend still in place. NZD/USD flipped back into the 0.6500 level after failing to hold above the 0.6600 bar. The price is currently testing the 0.6565 level, which is the 61.8% Fibonacci of the down-leg from 0.6789 to 0.6202, with the RSI and the MACD suggesting that some
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NZD/USD runs significantly above the neckline of the bullish inverse head and shoulder formation it has created around the 10 ½-year low of 0.6202 on Monday. The short-term bias is now looking cautiously bullish as the price is currently fluctuating around the upper Bollinger band and the RSI is looking ready to pierce above its 70
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NZD/USD remains bullish; moves sideways around 23.6% Fibonacci. NZD/USD has found support from the 0.6400 level, which is the 23.6% Fibonacci retracement of the up leg from 0.6202 to 0.6464, sustaining the current sideways move between 0.6435 and 0.6390. The short-term oscillators suggest that positive momentum has dried up, something also backed
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NZD/USD skyrocketed overnight after the Reserve Bank of New Zealand surprisingly decided not to cut interest rates. The price stepped on the ascending trendline drawn from the October 1 troughs and overcame all its simple moving averages (SMAs) before stopping near the 23.6% Fibonacci of the up-leg from 0.6239 to 0.6464 and
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The latest employment numbers out of New Zealand will hit the markets late on Tuesday, at 21:45 GMT. This will be among the final data releases ahead of the RBNZ’s meeting next week, where market pricing currently assigns a 55% chance for a rate cut, so it may be crucial
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NZD/USD bulls breach the upper bound of Ichimoku cloud, eyeing 200-SMA. NZD/USD buyers pushed off the 100-period simple moving average (SMA) and above various obstacles moving out of the Ichimoku cloud. The recent rally looks to shift the bias by climbing above the 200-day SMA, despite an overall short-term neutral picture prevailing,
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NZD/USD maintains a bearish picture; gains halted. NZD/USD bulls reemerged, overtaking the resistance of 0.6268 and the 50-period simple moving average (SMA) on the four-hour chart. However, the rally which commenced on October 1 off a multi-year low of 0.6200 soon came to a halt at the lower boundary of the Ichimoku
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NZD/USD spiked above the 50-period simple moving average (SMA) in the four-hour chart following the interest rate announcement by the Reserve Bank of New Zealand early on Wednesday, but the bottom of the Ichimoku cloud proved tough to pierce, with the price pulling back. Technically, there might be some bullish momentum in
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