The New Zealand dollar has recorded losses for a third straight day. In the European session, NZD/USD is trading at 0.7212, down 0.33% on the day.
The ANZ Commodity Price Index climbed 1.3% in May, marking an eighth consecutive rise. The index rose to a record level, as commodity prices rose in all major categories. The rise in commodities this year is in sharp...
The New Zealand dollar has recorded sharp gains on Wednesday. In the European session, NZD/USD is trading at 0.7303, up 1.02% on the day.
As was widely expected, the Reserve Bank of New Zealand maintained its policy settings and kept the Official Cash Rate (OCR) at 0.25%. The RBNZ also upgraded its economic forecasts for 2o21. This was not a surprise, given the...
The New Zealand dollar continues to head higher this week. In the North American session, NZD/USD is trading at 0.7244, up 0.37% on the day. It has been a strong start to the week for the New Zealand dollar, which is up 0.95%.
The US dollar is once again struggling against the major currencies. Inflation surged in April, which led to speculation that the Fed...
NZD/USD is in a downtrend on a daily time frame , giving us bias towards short selling. Further more in 4H time frame we can see that price has taken multiple support on a trend line and also price is not able to break its previous highs, if price breaks the trend line towards the downside than we can see a trending move to a downside upto (.70126)
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.72400).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDUSD is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which...
