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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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The Reserve Bank of New Zealand will announce its latest policy decision on Wednesday at 2:00 GMT and after an aggressive cut at the last meeting, it is expected to stay on hold. Although some central banks have seen rate cut expectations recede somewhat during September, investors haven’t significantly altered
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NZD/USD still bearish, but forming a possible double bottom. NZD/USD bears are at the wheel and have steered the pair back on track with the medium-term negative picture. The price recovered on September 3, to hit a pothole at the 200-period simple moving average (SMA) on the four-hour chart, before the sellers
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NZD/USD runs out of steam after snapping 200-SMA. NZD/USD managed to tick above the 200-period simple moving average (SMA) in the four-hour chart for the first time since July but the bulls were soon rejected around 0.6449, with the price resuming its weekly neutral status. While the RSI is pushing efforts to
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NZD/USD bulls push above the Ichimoku cloud and 100-SMA. NZD/USD steady and 1 ½-month old decline below the capping 50-period simple moving average (SMA), saw the bulls on September 3 come on board. The price overcame the 50-period SMA and pushed through the Ichimoku cloud on Thursday to challenge the longer-term 100-period
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NZD/USD sinks to near 4-year lows; downtrend looks unstoppable. NZD/USD came under fresh sell-off on Thursday in the wake of downbeat business data, with the price stretching its two-year-old downtrend to an almost four-year low of 0.6304. Technical signals remain bearish. The Tenkan-Sen line continues to move with a steep negative slope
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NZD/USD revisits 42-month lows; buyers and sellers disagree. NZD/USD continued the trickle downwards to retest the forty-two month low of 0.6376, after failing to overcome the past inside swing resistance of 0.6487 from June 14. The bulls came on board and pushed the pair back above the 0.6376 level, something also reflected
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The summer lull will continue into next week as economic releases will remain sparse. However, central bank minutes and the annual gathering of central bankers at the Jackson Hole Economic Symposium should generate plenty of headlines ahead of expected policy easings in September. Trade and geopolitical tensions will also come
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