Tag Archives: NZD/USD
Daily FX Technical Strategy – Fuel for the USD bulls
The bearish EUR/USD readings are catching pace. Although the larger uptrend is still supported, the risk is that broader USD strength can drive this cross lower in range.
FX Daily Majors
Today’s highlights: – GBPUSD: Dramatic plunge through key medium term range support zone at 1.5233/68/74.
Asian Currencies Technicals
AUD/USD: Focus Firmly On Lower Levels. The pair failed ahead of the layers of resistance in the $1.0374-98 region and has corrected sharply lower,
FX Daily Majors
Today’s highlights: – NZDUSD: Unexpected reversal lower sees the market prod below .8395. The focus now shifts lower to the .8329 trendline support, then to the .8309/.8295 support zone.
NZD/USD Analysis
The NZD was sharply lower against the U.S. dollar on Wednesday after Reserve Bank of New Zealand Governor Graeme Wheeler said the currency is overvalued and
Technical Alert
EURUSD did not develop a triangle, but must break 1.3520 to disqualify a bearish wave count in the making…
Asian Currencies Technicals
AUD/USD: Above $1.0398 Needed To Shift Focus Higher. The AUD/USD has bounced back towards initial resistance with the 21-DMA noted just above ($1.0387).
No change from G20: G4 currencies stay weak
As we’d expected, the weekend G20 statement contained no real news. It would certainly have been surprising had it singled out Japan as already pursuing over-aggressive
FX Daily Majors
Today’s highlights: – EURUSD: Poised at the 1.3310 38.2% Fibonacci retracement support level. Whilst above the risk is for a more immediate recovery back through 1.3432 to 1.3521/78.
FX Daily Majors
Today’s highlights: – EURUSD: Gaining traction at 1.3310, the 38.2% retracement. Through 1.3394 initial resistance allows for a rebound back towards 1.3521.
Asian Currencies Technicals
AUD/USD: Focus Turns Lower Once More. The pair failed to retest the Feb 6 high resistance last week with the sharp correction lower seeing the Oct monthly lows at $1.0150 become the overall focus once more.
FX Daily Majors
Today’s highlights: – EURUSD: Decline continues with the market probing flagged support at 1.3310. We see scope for a break below here to challenge 1.3197 medium-term trendline support.