The New Zealand dollar initially tried to rally during the trading sessions that made up the previous week, but as you can see did fail at the 0.7350 level. Because of this, we continue the overall consolidation that we have been in over the last couple of months, as the market has not been able to overcome
The New Zealand dollar initially tried to rally during the day on Friday but rolled over and break down below the 0.7250 level. As I record this, the market is testing significant support.
The New Zealand dollar fell significantly during the trading session on Thursday, as we continue to see a lot of noise in the world’s financial markets. With the “risk off” attitude that we have seen during the day, it’s not a surprise that the New Zealand dollar fell. However, there are plenty of supportive
The New Zealand dollar has been very noisy during trading on Wednesday, as we continue to bang up against the 0.7350 resistance barrier. This is a very important level on the chart from what I see, so it’s not a huge surprise that we are struggling with it. Longer-term, if we can break above that level
The New Zealand dollar has made a strong move to the upside during trading on Tuesday, as economic numbers of the United States showed strength yet again. Because of this, it looks as if the market is taking on a bit more risk appetite, and therefore the New Zealand dollar benefited.
With the failure to sustain its bounce off the 50-day SMA, EURUSD reignites the importance of the same SMA level before crucial inflation release. Should the CPI figures disappoint USD Bulls, the pair may continue recovering towards 1.2360 and then to the 1.2480 but a month-long descending trend-line
The Australian Dollar continues to receive support in reaction to President Trump’s granting of an exemption to Australia from his new tariffs on steel and aluminum.
The New Zealand dollar fell during trading on Monday, in a bit of a “risk off” move. However, I think that there is plenty of support underneath, so I think it’s only a matter of time before the buyers return. The 0.7250 level underneath is massive support, and I think that we will continue to go towards
Late in the session on Friday, the AUD/USD spiked to the upside in reaction to the news that U.S. President Donald Trump will sign an executive order exempting Australia from new steel and aluminum tariffs.
The New Zealand dollar was slightly positive during the week, as we continue to find support near the 0.72 region. The market looks as if it is trying to break out to the upside, but there’s obviously a lot of noise just above. I think we are going to continue to see a bit of choppiness over the next
The New Zealand dollar pulled back initially during the trading session on Friday but bounced enough from the 0.7250 level to test the 0.73 level later in the day. This was in reaction to a stronger than anticipated jobs number coming out of America, and the “risk on” trade that followed.
The New Zealand dollar has fallen during most of the session on Thursday, reaching down to the 0.7250 level. This area is important, as it has been supportive in the past as well as being resistive. It looks as if the market is trying to stabilize itself as the Americans have come to work.