Tag Archives: NZD/JPY
NZD/USD Outlook: Negative Near Term
The US dollar is strengthening, causing NZD/USD to fall. The US dollar has been aggressively bought versus all major currencies since the beginning of May.
Weekly Forex & Interest Rate Outlook
NZD/USD Outlook: Negative Near Term The suggestions the Fed is mapping out a QE-exit strategy has caused significant USD-buying, and much NZD/USD damage, such that a near term breakdown is likely.
MARKET FOCUS
This week begins with the NZD on the back foot, weighed down by broad-based USD buying. The NZD has been rattled by the USD rebound, talk of intervention,
Markets Outlook
USD blasted higher. The move was centred on USD/JPY, but all of the major currencies were affected.
Weekly Forex Outlook
NZD/USD Outlook: Positive Near Term NZD/USD should strengthen to 0.8585 this week. Assuming the NZ employment report doesn’t disappoint,
Waiting, Weighting
Foreshortened by the Good Friday holiday, the week ahead nonetheless has a number of useful New Zealand data items in store.
FX Trends daily (FOCUS: NZD/JPY)
NZD/JPY The NZD/JPY has hit a new high this morning and should extend its uptrend toward 74.28 before a potential resistance at 76.95 (upper limit of a long term bearish channel).
FX Trends daily (FOCUS : NZD/JPY)
NZD/JPY The NZD/JPY has rebounded sharply and is set to test the short-term resistance around 63.42-63.60 (retracement and short-term descending channel). Breaking above this level would extend the recovery towards 64.90, possibly 66.53.