Latest New Zeland macroeconomic figures are showing the economy is slowing down.
Employment Change (QoQ) (Q4) 0.1%
Labor Cost Index (QoQ) (Q4) 0.5%
Labor Cost Index (YoY) (Q4) 2.0%
Participation Rate (Q4) 70.90%
Unemployment Rate (Q4) 4.3%
BNZ, which is one of the most dovish central banks by stating that it will not increase any interest rates until the end of...
Why is this so?
Price following the double top & bearish divergence pattern.
Price re-tested DT neckline but failed with bearish reversal.
Combination of inside bar and key reversal usually indicating that price to accelerate lower towards 0.6600.
Already sold at 0.6825.
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so as previously stated we broke above the trend line, we also pushed past .68 and closed past that previous resistance. Our next upside target is .687 and I believe if we hit that area we will go all the way up to .69 to hit out original target.
short nzdusd at 0.6825 to target 0.6775 =50 pips in coming day days/week,with audusd they are supported by wti oil and #china trade talks and a dovish fed but all the bad chinese PmI PPI and CPI + will finsih to be priced.
If the price go more up than my entry point every 25 pips up i had 1 lot non stop losss on this trade..si toot crazy as AUDUSD is crazy too...
Chinese Data released last night does not meet the expectations:
China’s industrial production growth slowed considerably in November – increasing by 5.4% yoy (compared with 5.9% in October).”
China’s nominal fixed asset investment grew a little more slowly in November.
China’s retail sales growth edged marginally higher in November – to 5.8% yoy (from 5.6% in...
ATM we are nearing the Support level of 0,67550. If that Support level holds we could see a raise to the first Resistance level of 0,68150. We could see a small pullback before raising further to the second target of 0,68425.
Entry: 0,67550
TP1: 0,68150
TP2: 0,68425
SL: 0,67495
The New Zealand Dollar depreciated about 84 base points against the US Dollar on Friday. The currency pair was pressured south by the 50-hour simple moving average.
However, the exchange rate bounced off from the lower boundary of an ascending channel pattern at 0.6789 during the morning hours of Monday’s trading session and currently testing a resistance level...
