Tag Archives: NZD/USD
Weekly Forex & Interest Rate Outlook
NZD/USD Outlook: Up this week We expect the NZD to rally following the RBNZ’s MPS on Thursday.
Weekly Commentary
Last week’s soft dairy auction result, and a monster Marchquarter for the construction industry, add to the pluses andminuses that RBNZ Governor Wheeler will be
Asian Currencies Technicals
AUD/USD followed up Thursday’s rally and close above the 21 &55-DMA’s with fresh highs for the week and consolidation at the upper end of the weekly range.
Daily FX Wrap and Strategy
Despite a little US payrolls-inspired volatility, the NZD/USDended the week little changed from Friday morning, at0.8500.
FX Daily Majors
Today’s highlights: EURUSD ideally stays capped below price resistance at 1.3689/90.
Daily FX Wrap and Strategy
The NZD led major currencies higher overnight, up 0.9%against the USD to just below 0.8500.Part of this can be laid at the feet of EUR’s rally after theECB policy announcement last night.
Asian Currencies Technicals
The renewed bullish pressure that has been pressuring the 55-DMA resulted in a break and close above the $0.9335 resistance level Thursday.
FX Daily Majors
Today’s highlights: EURUSD continues to trade sideways in a tight range but we remain bearish for a break of key price support at 1.3586.
NZD Corporate FX Update
We’ve made no secret of our disappointment in the USD’s performance over Q1 2014. Last month, we pushed back our expectations of its eventual recovery into the second half of the year.
Asian Currencies Technicals
The $0.9180-0.9233 region remains key support for the AUD/USD with this region continuing to support on dips.
Daily FX Wrap and Strategy
The grind lower continues. NZD/USD is 0.2% weaker thismorning, holding just above 0.8410.
FX Daily Majors
Today’s highlights: NZDUSD has broken key support at .8432/16, leaving the bias lower towards our core target at .8362/55.