Tag Archives: NZD/USD
FX Daily Majors
Today’s highlights: USDCAD defends the point of breakout at 1.1157/53 keeping the trend higher to 1.1479, then our 1.1666/1766 core medium-term target.
Weekly Commentary
New Zealand’s economic performance over 2013 leaves it wellpositioned to achieve around 4% economic growth over 2014.That would be the fastest growth the economy has seen since2004.
Asian Currencies Technicals
The $0.9142-0.9204 region is key for the aussie this week with a close above the 200-DMA hinting at further topside and a close above $0.9204 seeing bulls shift overall focus to a retest of the $0.9440-50 region.
Daily FX Wrap and Strategy
The NZD ended the week around 0.8540, a little below itsFriday intra-night highs.On Friday afternoon, ANZ consumer confidence data told asimilar story to recent business confidence data. i.e.
FX Daily Majors
Today’s highlights: USDCAD is consolidating gains, but we stay bullish for 1.1479, then our core medium-term target at 1.1666/1766.
Asian Currencies Technicals
AUD/USD put in a double daily top around the $0.9038 level on Wednesday, just short of the 200-DMA with the correction lower pausing just short of the Mar 13 low on Thursday.
Daily FX Wrap and Strategy
The NZD is significantly weaker following yesterday’s policyannouncement by the Federal Reserve (see Majors).The NZD/USD is 1.2% off its pre-Fed level, sitting at0.8540 this morning.
FX Daily Majors
Today’s highlights: USDCAD above key resistance at 1.1225/1234 completes a “triangle” continuation pattern, and we maintain our 1.1666/1766 core target.
Asian Currencies Technicals
AUD/USD put in a double daily top Wednesday, just short of the 200-DMA, before correcting sharply lower. The sharp move lower eases the previous bullish pressure with bears looking for
Daily FX Wrap and Strategy
The NZD was little changed ahead of the FOMC meeting this morning, but has dropped sharply following that release. The NZD/USD is 0.7% lower to 0.8560,
FX Daily Majors
Today’s highlights: NZDUSD’s break above the medium-term “triangular” range at .8584/87 suggests a more important bull phase may be underway.
The Global Macro Pulse
The USD strengthened modestly with EURUSD edging lower to 1.392 and USDJPY rebounding to 101.55. AUD has eased slightly to 0.912.