Tag Archives: NZDUSD

NZD/USD Price Analysis: Extends pullback from 100-DMA towards 0. 6400

NZD/USD snaps four-day uptrend around the two-month high. Nearly overbought RSI, pullback from monthly resistance line add strength to bearish bias. Tops marked during mid-June, early-August lure near-term sellers ahead of monthly support line. NZD/USD holds onto the previous day’s pullback from a two-month high as the adjacent key resistance line and 100-DMA challenge buyers… Read More »

RBNZ to carry on with 50bps hike in August – Reuters poll

“The Reserve Bank of New Zealand (RBNZ) will stick to its hawkish stance and deliver a fourth straight half-point rate hike on Wednesday in its most aggressive tightening in over two decades to try to rein in stubbornly-high inflation,” as per the latest Reuters poll published early Friday morning in Asia. Key findings All 23… Read More »

NZD/USD rises towards the 100-DMA on US inflation showing signs of softening

The NZD/USD advances for the second straight day, up in the week by 3.03%. The US PPI for July rose by 9.8% YoY, less than estimates and last month’s reading. US Initial Jobless Claims jumped for two consecutive weeks, hinting the labor market is moderating. The NZD/USD climbs above the 100-day EMA around 0.6439, courtesy… Read More »

NZD/USD surges towards the 100-DMA post US soft CPI, on risk-on mood

The NZD/USD is advancing more than 2% on Wednesday, courtesy of broad US dollar weakness. Investors’ mood shifted positively once US inflation cooled down, while traders expected a less aggressive US Fed. US headline inflation and core CPI were lower and aligned with estimations. Fed’s Evans expects the Federal funds rate (FFR) to finish around… Read More »

NZD/USD Price Analysis: Portrays another attempt to cross weekly hurdle near 0.6300

NZD/USD remains mildly bid as bulls approach short-term resistance line amid sluggish session. Sustained trading beyond 50-HMA, firmer RSI adds strength to bullish bias. One-week-old horizontal support area adds to the downside filters. NZD/USD picks up bids to 0.6290 as buyers struggle to keep reins during the dicey session heading into the European open on… Read More »