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  1. New Zealand Dollar Expected to be Most Volatile

    by , 07-16-2019 at 09:57 AM
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    NZDUSD is expected to be the most volatile currency. Ahead of the NZ inflation report, overnight implied vols have jumped by 4.9 vols to 12.25, which is the highest since the June RBNZ rate decision. This implies that NZDUSD ATM break-evens = 34pips(meaning that option traders need to see a move of at least 34pips in either direction in order to realise gains). Interestingly, risk reversals have flipped to positive at 0.1 (albeit relatively neutral), ...
  2. NZD/USD Technical Analysis: Support: 0.7556, 0.7401, 0.7256; Resistance:0.7691, 0.7827, 0.7974

    by , 01-13-2015 at 05:18 PM
    The New Zealand Dollar looks set to test below the 0.76 figure against the US Dollar after narrowly overcoming chart support. A daily close below the 0.7556-80 area marked by the bottom of a falling channel and the 23.6% Fibonacci expansion exposes 38.2% level at 0.7401. Alternatively, a reversal back above the 14.6% Fib at 0.7691 opens the door for a test of channel top resistance at 0.7827.

    A very narrow break of support and the Hammer-like structure of the latest candle hint at elevated ...
  3. NZD/USD Technical Analysis: Support 0.7802, 0.7682, 0.7525 and Resistance 0.7937, 0.8034, 0.8109

    by , 11-24-2014 at 10:20 PM
    • NZD/USD Technical Strategy: Short at 0.7909
    • Support: 0.7802, 0.7682, 0.7525
    • Resistance:0.7937, 0.8034, 0.8109

    The New Zealand Dollar may have resumed the down trend against its US namesake after prices violated the series of higher highs and higher lows set from early November. A daily close below the 14.6% Fibonacci expansion at 0.7802 exposes the 0.7682-96 area marked by the July 2013 bottom and the 23.6% level. Alternatively, a turn above the 23.6% Fib retracement at 0.7937 opens ...