Tag Archives: NZD/USD

BNZ Strategist

Economic Outlook – NZ GDP growth is hitting its straps. Sizable contributions are coming from: construction (both residential and non-residential,

The NZD was the standout performer amongst the majorsovernight, rising 0.7% against the USD, to 0.8730.

The 21-DMA confirmed its significance as support on Wednesday with the bounce from just ahead of this support keeping bullish hopes alive.

Today’s highlights: GBPUSD ideally holds key price support at 1.6922/23 to keep the immediate risk higher.

The NZD lost ground amid broader USD strengthovernight. The NZD/USD is 0.3% lower this morning at0.8690.

Bears take comfort in the pullback from ahead of 2014 highs and relatively bearish close with immediate focus now on the $0.9322-45 region.

Today’s highlights: USDCAD stays bearish for the 38.2% retracement of the 2012/14 rise at 1.0650, where we would look for buying to emerge.

The week started with the NZD (and AUD) buoyed by the monthly “flash” update of Chinese Manufacturing PMI courtesy of HSBC.

The rally places thoughts of a correction on hold for now although bears will take comfort in the failure ahead of 2014 highs combined with

Today’s highlights: USDCAD continues to fall sharply after completing a bearish continuation pattern and

NZD/USD Outlook: Up this week This month’s hawkish surprise from the RBNZ should keep the market in

Last week was the climax of the New Zealand quarterlydata calendar, with March quarter GDP and current accountdata released.