Tag Archives: NZD/USD
NZDUSD – finding support at major .8163 polarity level
Kiwi is holding above the .8163 level, a key polarity level over the last 12 months. A bounce from this level is expected and further backed by yesterday’s hold of the previous 4th wave low at .8194.
FX Daily Majors
Today’s highlights: * GBPUSD’s break below the 1.5894 October low sets a bearish “double top”.
The Global Macro Pulse
Overnight Price Action Following a 0.2% fall in the S&P 500 overnight, futures are off 0.4%.
The euro is clawing back earlier losses, especially against the scandies
EUR/USD: The market failed to contain the pair inside a contractingcontinuation pattern, but it is likely still a bearishcontinuation formation more like a “Flag”
Daily FX Wrap and Strategy
The NZD/USD sits a little lower this morning at 0.8220. Yesterday’s REINZ house price data did not provide any shocks to the market.
Asian Currencies Technicals
AUD/USD dipped into the $0.9221-86 support region with the pair pausing just short of the 100-DMA. Daily tech studies remain O/S but
Global FX Strategy: More weakness for Scandis ahead
Weaker NOK alongside rate cuts We see tapering starting early next year, more or less at the same time as the market will start discounting rates cuts from Norges Bank.
FX Daily Majors
Today’s highlights: * NZDUSD stays under pressure, and below .8194/64 would complete a bearish “head & shoulders” top.
Daily FX Wrap and Strategy
The NZD/USD has climbed up the hill and down again over the past 24-hours. Having reached toward 0.8290 last evening it now sits below the start of week, at 0.8230.
Asian Currencies Technicals
After remaining capped on attempts higher at the 21-DMA last week AUD/USD continued its move lower to start the new week and managing a close below the 55-DMA.
FX Quant and Positioning Weekly
Spec’s cut excessive bullish EUR position by more than half * Speculators slashed their previously excessively bullish EUR position by more than half.
FX Daily Majors
Today’s highlights: * EURUSD maintains its break of key support at 1.3464/21, and we stay bearish for 1.3220 initially.