AUDNZD is trending to the downside prior to the NZD Manufacturing sales data, which are changes in the volume of the physical output of the nation's factories, mines and utilities. Technically the pair has broken a key support pivot and is now capped by the pivot as resistance, and the RSI is holding at negative levels. We are targeting the 161.8% fibonacci...
The weekly down trend signal in $AUDNZD expires next week, this means a potential reversal can be setting up. At the same time, the daily chart is basing and can flash a bullish signal in a day or more. I'll be watching this pair closely in the coming days, after today's close in particular. The recent bout of #NZD strength courtesy of RNBZ's hawkishness has...
Enter on the trend line break to the upside.
"US futures (reminder that it is a US holiday) are steady as equities are keeping the calm despite the payrolls miss on Friday, which does cast some doubt on Fed taper expectations and in turn, keeps the thought that easy money is here to stay for longer."
As NZD is a risk sensitive currency it follows...
RBNZ is about to hike interest rates Fed is not start tapering soon. This is bullish for the NZD and bearish for USD.
Two Head and Shoulders pattern is validated at the top of the H4 Candle. Buy stop at the breakout.
Stop loss under the right shoulder.
Don’t risk more than 1% of you capital.
Have a great day!
It has been a hawkish month for the Reserve Bank of Australia. The recent meeting suggests that their guidance ramps up into a more hawkish tone. Both monetary and fiscal policies are aussie positive, so far. One thing I keep in mind is their fiscal policy in response to the current covid-19 lockdowns.
I believe that the Reserve Bank of New...
Two months of consolidation has made things a little dull for the NZD/USD pair and that looked to be coming to an end until a new Covid outbreak brought everything to a halt.
The delta strain has many concerned and New Zealand has taken a tough stance since the start of the pandemic - successfully so - which makes the decision far from surprising.
What may have...
The left daily chart shows the NZDUSD pair in the weak area, with the Bollingers starting to expand. This, after the RBNZ kept rates steady at 0.25% (market forecast was for a hike of 25bps). The right hourly chart shows the EMA in bearish formation, with the faster green below the slower orange. Moreover, there is angle and separation which denotes momentum. The...
The last-minute decision.
During their monetary policy meeting earlier today, the Reserve Bank of New Zealand (RBNZ) carried out a last-minute change in decision, holding its overnight cash rate unchanged at 0.25%.
New COVID case in six months thwarted RBNZ’s rate hike plan.
Just yesterday, the first local COVID case was reported in New Zealand in six months....
Next week marks a rate decision event for RBNZ. Currently at 0.25%, there is news in the air for an increase in the rate by 25bp, and possibly another hike before the end of this year.
Currently NZDUSD has been flowing more or less in the indicated upward channel. It has fallen due to a strong USD this week and a reversal is in the making.
Two highlight points...
Here we see the strong first wave impulse followed by a lengthy, A-B-C correction consisting of two separate, ABCDE triangles. We are expecting a hefty third wave impulse being encouraged by a very tense 61.8 area of complete confluence.
Price is expected to reach 0.93500 as a result of this third wave.
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The recent slightly hawkish RBNZ rate decision and better-than-expected New Zealand second-quarter inflation data is driving local front-end government bond yields higher, especially relative to Australia.
AUD/NZD has thus been aiming lower these past few weeks and may continue to do so as it capitalizes on the RBNZ's more hawkish shift compared to the RBA.
NZDUSD registers the strongest intraday gains in three months after the Reserve Bank of New Zealand (RBNZ) announced plans to tapering bond purchases from late July. The kiwi pair’s ability to confirm bullish chart pattern, falling wedge, as well as a sustained break of 100-SMA, also back the buyers to aim for a 13-day-old horizontal resistance near 0.7095....
ING discussed its expectations for the NZD, RBNZ and AUDNZD in a recent note to clients.
RBNZ delivers a surprising hawkish signal
The RBNZ announced monetary policy overnight, leaving rates at 0.25% and both its NZ$ 100bn asset purchase programme and the Funding for Lending facility unchanged. Markets had probably built up some expectations that the Bank...
EURNZD is moving nicely down this week after RBNZ announced that they may lift rates next year, or maybe even at the end of 2021! As such, NZD is strong across the baord with EURNZD pair now sitting on a corrective channel line where we favour a breakdown as intraday weakness looks impulsive. On a higher time frame, there is interesting trendline coming in around 1.61.
The New Zealand Dollar may rise in the aftermath of the RBNZ rate decision, where the central bank offered hints at a rate hike during the second half of 2022.
It could capitalize particularly against the Japanese Yen, where the BoJ may remain more dovish in the long run.
NZD/JPY is attempting to break above an Ascending Triangle, where confirming the breakout...