AUD/NZD is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 1.0885 which is a pullback support that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 1.0842 which is a level that sits under a pullback support and the 50.0% Fibonacci retracement level. Take profit is at 1.0944 which...
The Kiwi (NZD/USD) is trading close to a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 0.6132 which is a pullback support that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 0.6056 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level. Take profit is...
The Kiwi (NZD/USD) is rising towards a multi-swing-high resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.6194 which is a multi-swing-high resistance. Stop loss is at 0.6251 which is a level that sits above the 127.2% Fibonacci extension level. Take profit is at 0.6081 which is an overlap support. High Risk Investment...
The Kiwi (NZD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.6090 which is a pullback resistance that aligns with the 78.6% Fibonacci retracement level. Stop loss is at 0.6150 which is a level that sits above a pullback resistance. Take profit is at 0.6028 which is a pullback...
The Kiwi (NZD/USD) is falling towards a potential breakout level and could break through this level to drop lower. Sell entry is at 0.5992 which is a potential breakout level. Stop loss is at 0.6025 which is a level that sits above the 38.2% Fibonacci retracement level and an overlap resistance. Take profit is at 0.5950 which is a pullback support. High Risk...
The Reserve Bank of New Zealand unexpectedly cut interest rates by 25 basis points, sending the New Zealand dollar plunging by 1% against the U.S. dollar. The move caught markets off guard, as most analysts had anticipated the central bank would hold rates steady until at least its next meeting. Today wasn’t supposed to be the day, but these are the moments...
Looking at the 4-hour time frame of the Kiwi with ticker NZDUSD, we can see a strong rebound after a completed final subwave “v” of C of (C), as Zealand beat jobs data, so seems like a new three-wave A-B-C rally can be in play within higher degree wave (D) that can recover the price back to the upper triangle line. Wave A looks to be finished after RNBZ delivers...
NZD/CAD is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.8322 which is a pullback resistance that aligns with the 161.8% Fibonacci extension level. Stop loss is at 0.8361 which is a level that sits above a pullback resistance. Take profit is at 0.8277 which is a pullback support. High Risk...
NZD Outlook: ANZ’s Forecast for Next Week ANZ anticipates that the Reserve Bank of New Zealand (RBNZ) will maintain its current interest rates at the August 14 meeting but may signal potential rate cuts before the year ends. Although ANZ estimates a small 10-15% chance that the RBNZ might shift to an easing bias during this coming meeting. Markets are...
A monster rally in the Yen is creating some extreme technical readings across the entire JPY complex. Of note is the Kiwi/Yen cross (NZD/JPY) A pullback of 7 cents from 99 to 92 has brought prices back into trendline support from 2020. Not suggesting you try to catch falling knives, but in the forex space, a methodic and patient building of a position of size...
NZDUSD – technical overview Overall pressure remains on the downside with the market continuing to stall out on runs up into the 0.6500 area. At the same time, there are some signs of the market wanting to put in a longer-term base. Ultimately, a break back above 0.6500 would be required to take the medium-term pressure off the downside and encourage this...
The Kiwi (NZD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.6014 which is a pullback resistance that aligns with the 23.6% Fibonacci retracement level. Stop loss is at 0.6050 which is a level that sits above the 50.0% Fibonacci retracement level and an overlap resistance. Take profit...
The Reserve Bank of New Zealand kept rates at 5.5% last week, but adopted a softer tone compared to the hawkish messaging of the previous meeting, raising chances of a rate cut this year. Today’s soft inflation data help towards such action, since CPI eased to 3.3% in Q2 and the lowest in three years. Despite these prospects, NZD/USD contains its fall and...
The Kiwi (NZD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.6105 which is a multi-swing-high resistance. Stop loss is at 0.6145 which is a level that lies above a pullback resistance and the 78.6% Fibonacci retracement level. Take profit is at 0.6054 which is a swing-low support. ...
NZDUSD – technical overview Overall pressure remains on the downside with the market continuing to stall out on runs up into the 0.6500 area. At the same time, there are some signs of the market wanting to put in a longer-term base. Ultimately, a break back above 0.6500 would be required to take the medium-term pressure off the downside and encourage this...
The Kiwi (NZD/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 0.6098 which is a pullback support that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 0.6059 which is a level that lies underneath a pullback support and the 78.6% Fibonacci retracement level. Take profit is...
The Dollar index is hitting a major resistance and losing the battle. This pair is forming an inverse HS and will try for third time in tow weeks to break out the upper vertex. I'm not sure if is goin to do it this time but price is sitting om 0.61 support zone. SL triggers if a weekly candle closes below the support.
The Kiwi (NZD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.6144 which is a pullback resistance that aligns with the 161.8% Fibonacci extension level. Stop loss is at 0.6170 which is a level that sits above the 61.8% Fibonacci retracement level. Take profit is at 0.6098 which is a...