NZDUSD is in bearish sentiment now. If NZDUSD can break the yesterday's low, I think it will open a way for NZDUSD to fall again today and may touches or
hits the nearest support level at 0.8126 or even lower.
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NZDUSD is in bearish sentiment now. If NZDUSD can break the yesterday's low, I think it will open a way for NZDUSD to fall again today and may touches or
hits the nearest support level at 0.8126 or even lower.
Nzd/usd technical analysis for 12.10.2012 by using : Auto pivot indicator.
resistance 3:0.8238
resistance 2:0.8217
resistance 1:0.8196
pivot point :0.8175
support 1:0.8154
support 2:0.8133
support 3:0.8112
Expected trading range for today is between: Support 0.8080 and resistance 0.8400
General tendency is expected for the day: UP
rend is expected today: UP
District powerful Today: 0.8150
The pair above 0.8150 to buy the following objectives 0.8190 then 0.8230
The pair below 0.8150 for sale the following objectives 0.8115 then 0.8070
After breaking through the oblique resistance pair far north is gone and met again the next resistance as 200 sliding and 2800 figures for steady growth (and shopping) to wait for capacity above 2800 figures.
Formed a very strong signal to buy, first-education 6 fractals about the support level 8150 (4 hour chart) + break above the moving and strengthening the alligator show dominance bulls, the target level - 8350.
the pair held attempts to overcome the barrier of 0.8200, but is not yet able to confirm a breakout, while expectations remain positive for the day list and effective unless the level of 0.8150 is broken
NZDUSD next week
Elliott: correction zigzag 0.8136
It looks set to visit further lower territory down to around 0.8158 - 0.8131. Its corrective attempts should fail ahead of 0.8204 - 0.8223. Stop loss above 0.8277 zone.
Warning:
Technical points
Key point 0.8138
Entry point 0.8169
Elliott 0.8356
Closing 0.8170
Projection 0.8084
Trendline 0.8253
Trendline 0.8179
Supports / Resistances
Res 2 0.8277
Ex-High 0.8238
Res 1 0.8223
Pivot 0.8184
Sup 1 0.8131
Ex-Low 0.8146
Sup 2 0.8092
Nzd/usd still under pressure in this week. This statement is shown by price in tf h4 that can not break monthly pivot level (0.8191). It should go up if broke this level. Finally in last week time, price go down and back to weekly's lowerest price area.
The New Zealand dollar ended the week little changed against the U.S. dollar on Friday, as uncertainty over Spain’s’ position on requesting a formal bailout and concerns over the outlook for the global economy weighed on market sentiment.
NZD/USD hit 0.8144 on Wednesday, the pair’s lowest since September 11; the pair subsequently consolidated at 0.8169 at close of trade on Friday, 0.06% lower for the week.
The pair is likely to find near-term support at 0.8144, Wednesday’s low and resistance at 0.8208, Friday’s high.
Market sentiment was dominated by speculation over whether Spain was moving closer to requesting fiscal aid from its euro zone partners following a down****e by ratings agency Standard & Poor’s.
A bailout request by Madrid would trigger the European Central Bank’s bond purchasing program, aimed at lowering borrowing costs for struggling euro zone states.
The greenback was almost unchanged after data on Friday showed that U.S. consumer sentiment rose to its highest level in five years in October, while a separate report showed that producer price inflation rose more-than-forecast in September.
The University of Michigan said that its consumer sentiment index rose to a seasonally adjusted 83.1 from 78.3 in September, the highest level since September 2007.
The data came one day after the U.S. Department of Labor said the number of individuals filing for initial jobless benefits fell by 30,000 to a seasonally adjusted 339,000 in the previous week, compared to expectations for an increase of 1,000.
However, as the figures were released a spokesman for the Labor Department said one large state had not reported additional quarterly figures, accounting for a significant part of the steep decline in claims.
Sentiment on the kiwi remained fragile on Friday, as investors anticipated a string of upcoming Chinese economic data, amid worries over the outlook for growth in Asia.
The International Monetary Fund has forecast Asian economic growth of 5.9% in 2013, but last week said it sees a one in seven chance of it being less than 4%.
On Tuesday, China moved to inject liquidity into markets, fuelling speculation that Beijing may announce more stimulus measures. China is the world’s second largest economy and New Zealand’s second biggest export destination.
In the week ahead, markets will continue to continue to focus on whether Spain will formally request a bailout and if international creditors will extend loans to Greece as the country struggles to meet deficit reduction targets.
Meanwhile, the U.S. is to release a flurry of data, including reports on retail sales, manufacturing activity in New York and Philadelphia, initial jobless claims and housing starts, among others.
Ahead of the coming week, Forexpros has compiled a list of these and other significant events likely to affect the markets.
Monday, October 15
New Zealand is to publish official data on consumer price inflation, which accounts for the majority of overall inflation.
The U.S. is to produce official data on retail sales, the primary indicator of consumer spending, which accounts for the majority of economic activity. In addition, the U.S. is to release data on manufacturing activity in New York state, as well as official data on business inventories.
Tuesday, October 16
The U.S. is to release government data on consumer price inflation and industrial production. The U.S. is also to produce official data on treasury long-term purchases and the capacity utilization rate.
Wednesday, October 17
The U.S. is to publish government data on building permits, an excellent gauge of future construction activity, as well as data on housing starts, a leading indicator of economic health. The U.S. is also to produce official data on crude oil stockpiles.
Thursday, October 18
The U.S. is to publish weekly government data on initial jobless claims, as well as a report on manufacturing activity in Philadelphia, a leading indicator of economic strength.
Friday, October 19
The U.S. is to round up the week with industry data on existing home sales, a leading indicator of economic health.