There have been some interesting technical developments in the NZD/USD daily chart recently. The price action this week effectively broke above the 50-day moving average’s dynamic resistance at 0.627, with the Kiwi dollar extending to 0.645. The NZD/USD pair hasn’t traded above 50-dma since early April.
The Reserve Bank of New Zealand will meet next...
Nice retouch after breaking wedge and seems Kiwi want to gain more than 100 pips against Dollar.
So, long Kiwi with logical stop loss and wait for tomorrow Kiwi data.
Hello Traders,
It's been quite the year thus far for 2021 with hope of us coming out of the pandemic
eventually and seeing more normal moves in the market. Last week was quite a bit
of market chop with the news and politics and market rate decisions.
We've identified NZD gaining strength in other pairs and now that has moved over to
NZDCAD. OANDA:NZDCAD...
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Oscillators and exponential moving averages suggest a buy. If you're a trend trading, this one is an obvious long. Short when price action meets downward sloping resistance.
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Still long from this post here with parameters as...
Entry @0.68113
Target 1 @0.70377
Potential Gain = 226.4
Stop @0.657
Potential Loss = 135
What looks to me like a Bull Flag pattern might be forming below the
0.685 handle. Might be completely wrong but, meh, we'll see.
This monday rally on this pair suggests a temporary low imo.
Targets likely 0.6995 and higher possible this week.
Will be looking for longs tomorrow during london;
My $0.02
The nzd is around the down T-line july 2017 and the long up T-line from Sept 2015
SO technically i see a rebound on this technical cluster/area
i also think the qell-off of the NZD will be done for a short term coz is onli on a speculation of a singapor style monitary policy that is quiet impossible to do for New Zealand
Aslo even is political problem of...
By breaking above 0.697, going Long the Kiwi might be a good idea. Over the last 2 weeks the NZDUSD pair has been oversold and there is a clear RSI divergence, while leaving the oversold territory. This time the Moving Average will probably be broken in a bullish manner, unlike the previous 2 times where it acted as resistance. Having a double bottom around 0.69...
