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Author Archives: NZD Editor

NZD/USD Extends The Sell-Off

Price drops like a rock and looks unstoppable on the short term. Is trading near the 0.7320 level and should drop further. NZD/USD is seeking for strong support and could find one at the fourth warning line (wl4). Could be ...

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NZD/USD tests 50-DMA support near 0.7300 handle

The NZD/USD pair remained under some selling pressure for the fourth consecutive session and dropped to fresh 3-week lows near the 0.7300 handle. The pair extended its corrective slide and has now retreated around 250-pips from over 26-month highs beyond ...

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NZD: Negative bias – ANZ

Analysts at ANZ continue to favour fading strength in the NZD, while valuations are providing neutral signals, the yield advantage is closing, the global liquidity cycle has peaked, and New Zealand’s domestic credentials are solid, but no longer a standout. ...

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NZD/USD: Trading under pressure – ANZ

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NZD/USD Breakdown Needs Confirmation

Price managed to break below the 23.6% retracement level and below the 0.7375 static support (support turned into resistance). Has increased today and could come back to retest the broken levels, will drop towards the fourth warning line (wl4) if ...

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