Tag Archives: NZD/USD

Weekly Commentary

Last week we released our latest Quarterly EconomicOutlook. If you haven’t seen it already, it’s well worth aread.

The NZD/USD traded a tight range on Friday, to end theweek only slightly lower, just below 0.8490.

AUD/USD continues to work its way towards the 21 & 100-DMAs in the $0.9341-42 region with initial support remaining at $0.9288.

Today’s highlights: GBPUSD is holding key support at 1.6693/61 for now, but an eventual break remains favoured to complete a large top.

The NZD was the outperformer amongst the majorsovernight, with NZD/USD up 0.4% to 0.8490.

AUD/USD is working its way towards the 21 & 100-DMAs in the $0.9340-44 region with initial support now noted at $0.9288.

Today’s highlights: GBPUSD threatens a large top below 1.6693/6861.

Much of the same from the NZD yesterday, with anotherlook at support rejected around 0.8420.

O/S daily studies have finally had an impact with the rally Wednesday and possible close above confirming an easing of bearish pressure.

Today’s highlights: EURUSD is weighing on the recent cycle low at 1.3433, and we stay bearish for a break lower to our 1.3248 target.

EURUSD: Buyers keep responding. Yet another lower ‘shadow’ marks support below 1.3450 and

The NZD/USD tested 0.8400 yesterday, but has sincerebounded to 0.8440, down 0.2% for the day.