NZD/USD had a very quiet day as traders embraced all things risk-related on Monday. This is particularly odd as the Kiwi is considered a massive “risk on” play.
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NZD/USD had a very quiet day as traders embraced all things risk-related on Monday. This is particularly odd as the Kiwi is considered a massive “risk on” play.
Intraday trade:
If a M15 close above 0.8377 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 0.8329 sell only and do not buy. If price closes back above it again do nothing
The range 0.8377 and 0.8329 is neutral area, any trade done in between is personal decision and not part of this analysis
The latest violent bearish reversal off of post-float record highs is significant with the market now looking to carve out a major top. Next key support comes in by 0.7965, with a break and close below this level to trigger a more meaningful topping formation that will project deeper setbacks towards the 0.7750 area over the coming days. In the interim, look for intraday rallies to be well capped below 0.8500.
This pair looks like it will stay put for a while. Not much movement until a news release during AUS session. NZD and AUS currencies are somewhat tied together.
Positive sentiments in the markets can now be expected to support the upwards movement towards the important resistance level at 0.9000 – our price target for both the short term and the medium term.
The New Zealand currency, nicknamed Kiwi, declined to the most level in two days against the dollar after the nation reported that the producer input prices declined at a slower pace, output costs rose.
the pair and as we can see from the chart is trading now above the level of 0.8300 , so when ever the pair success in breaking 0.8300 , that's mean the down trend will be assured and the pair might head to 0.8270 and then 0.8250
NZDUSD had a volatile day yesterday and closed in a spinning top after retesting the broken minor bullish channel on daily (see attached chart). . . and now trading below open, the bias is bearish in medium term as long as price stays below 0.8410
the pair and as we can see from the chart has closed it's daily candle under the level of 0.8300 , so , that's mean the down trend is still standing and the pair is heading to 0.8150 then 0.8100
If a M15 close above 0.8390 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 0.8362 sell only and do not buy. If price closes back above it again do nothing
The range 0.8390 and 0.8362 is neutral area, any trade done in between is personal decision and not part of this analysis
The NZD/USD pair dropped early Thursday, where the greenback gained momentum against other major currencies, as risk aversion controlled the market sentiment sending the lower-yielding currencies to the upside
the pair looks like it is entering a minor support area in the 0.82 range, and could bounce from this area. However, the fall was significant, and these moves almost never happen in a vacuum
he chart is showing that the pair is trading under level 0.8300 , that's mean the down trend is standing and the pair might reach 0.8200 , but if the pair succeeded in breaking 0.8300 , it will head to 0.8330 and then 0.8350
we can notice from the chart that the pair has closed under 0.8200, that's mean the down trend is expected and the pair might head to 0.8140 then 0.8100 , however the pair made a hourly correction
If we close on the daily chart below 0.80 – this could change many things about our analysis and none of them to the bullish side of the argument.
The Kiwi gave in to pressure from the Greenback. The price plummeted and a good entry was found. You certainly need a lot of experience to do this.
The latest violent bearish reversal off of post-float record highs is significant with the market now looking to carve out a major top. Next key support comes in by 0.7965
we can notice from the chart that the pair has closed it's weekly candle under 0.8200 , that's mean the down trend is expected and the pair might head to 0.8100 then 0.8000 , however the pair made a hourly correction
The New Zealand currency, nicknamed Kiwi, declined to the most level in two days against the dollar after the nation reported that the producer input prices declined at a slower pace, output costs rose.
The New Zealand economy is on track, as the economy runs with good performance amid the global conditions, where higher consumer spending and employment add to evidence the nation’s economy grew modestly in the first quarter
Corrective rallies have stalled out by 0.8425, and a lower top looks to be in place ahead of the next downside extension.
the pair and as we can from the chart has stated it's trading week above the level of 0.8200 and that's mean that the up trend is expected and the pair might head to 0.82300 and then 0.8260 how even if the pair make any hourly correction
If a M15 close above 0.8250 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 0.8130 sell only and do not buy. If price closes back above it again do nothing
The range 0.8250 and 0.8130 is neutral area, any trade done in between is personal decision and not part of this analysis
break and close below this level to trigger a more meaningful topping formation that will project deeper setbacks towards the 0.7750 area over the coming days.
To the downside, immediate support levels lie at 0.8200/10 , 0.8160 and 0.8120 while possible resistance levels are located at 0.8270, 0.8300, 0.8340, 0.8375 and 0.8390.
as we can see on the chart , the pair is trading under the level of 0.8300 , any way if the pair succeeded in breaking 0.8300 , it will continue in it's up movements heading to 0.8340 and then 0.8370
the chart is showing that the pair has succeeded in closing it's daily candle above level 0.8200 , and that's mean the up trend is still standing and the pair might head to 0.8250 and then 0.8280
If a M15 close above 0.8400 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 0.8320 sell only and do not buy. If price closes back above it again do nothing
The range 0.8400 and 0.8320 is neutral area, any trade done in between is personal decision and not part of this analysis
It is more likely to go down to around 0.8220 or lower, and after that, it might have potentially to go up to around 0.8330
The pair is decidedly bullish, but the latest action is somewhat contradictory. The 0.8000 level below here is major support, and if it gets broken – we will go much lower
the chart is showing that he pair has succeeded in breaking the level of 0.8300 , so that's mean the uptrend is still standing and the pair might continue it's up movements heading to 0.8370 and then 0.8400
A break to the upside of 0.85 would be massively bullish. Until then, we are likely to meander around these levels.
the chart is showing that the pair has succeeded in closing it's daily candle above level 0.8300 , and that's mean the up trend is still standing and the pair might head to 0.8350 and then 0.8400
it is clear that the pair succeded to close under the up channel trend and now it is about to test the support level at 0.8272. if it can close under this level i think might see more fall to this pair
the pair and as we can see from the chart has closed it's daily candle under the level of 0.8300 , so , that's mean the down trend is still standing and the pair is heading to 0.8235 then 0.8200
The candle did stop at the 0.8350 resistance level, which has been tough lately. The pair could react by falling a bit, but it should also me mentioned that the level isn’t a major one
break and close below this level to trigger a more meaningful topping formation that will project deeper setbacks towards the 0.7750 area over the coming days.
If a M15 close above 0.8340 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 0.8200 sell only and do not buy. If price closes back above it again do nothing
The range 0.8340 and 0.8200 is neutral area, any trade done in between is personal decision and not part of this analysis
for this pait as it shown lately forming bullish candles and trading over ema50 line. should close over the resistant level at 0.8380 to confirm more upward to follow the up trend on the daily chart
The latest violent bearish reversal off of post-float record highs is significant with the market now looking to carve out a major top