Tag Archives: NZD/USD
FX Daily Majors
Today’s highlights: NZDUSD has fallen to key price and “neckline” support at .8536/14, beneath which would see the expected better top.
Daily FX Wrap and Strategy
The NZD had underperformed its major peers over thepast 24-hours to sit at 0.8540 this morning.The NZD/USD paddled sideways yesterday during a quietday on the domestic data front.
Markets Outlook – As They Say of Good Intentions
Provided that Labour leaves the Governor as the single decision maker, retains CPI inflation as the primary target of policy, and maintains the Reserve Bank’s independence then proposed policy changes may end up
Asian Currencies Technicals
AUD/USD followed up Wednesday’s close below the 21-DMA with a continuation lower Thursday that found support at the $0.9253 level.
Weekly Commentary
Last week the Reserve Bank increased the OCR a secondtime to 3.00%, as was unanimously expected by economistsand financial markets.
Daily FX Wrap and Strategy
It was a quiet end to the week for the NZD as localmarkets were closed for ANZAC day. The NZD/USD closedat 0.8580.For the past week, or so, the NZD/USD has traded a fairlytight range between 0.8550 and 0.8640.
Morgan Stanley: NZDUSD View
While Morgan Stanley is already bearish on NZD/USD for fundamental reasons, MS outlines the pair technical picture in its weekly FX chart pick arguing that its also bearish on all time frames.
FX Daily Majors
Today’s highlights: NZDUSD stages a bearish “outside day” reversal keeping the spotlight on key “neckline” support at .8537/14. A break here though remains needed to complete a top.
Weaker SEK in the offing and so is a stronger yen
EUR/USD: The pair is just getting whipsawed around inside range.Keep watching 1.3785 & 1.3865 for directional leads.
Daily FX Update
Markets are adding to risk positions into the NA open as earnings continue to suggest that global growth is improving (Caterpillar raising outlook, GE, Facebook & Apple beat, etc).
Daily FX Wrap and Strategy
The NZD is a little lower this morning ahead of the RBNZpolicy decision. The NZD/USD is 0.2% softer at 0.8580.The collapse in AUD following Australia’s soft inflation print pushed the NZD/AUD higher overyesterday’s session.
FX Daily Majors
Today’s highlights: AUDUSD has fallen sharply overnight and we continue to look for a topping process following the move to our .9410/.9510 target.