Retail sales in New Zealand gained 2.3 percent on quarter in the second quarter of 2016, Statistics New Zealand said on Friday. more...
NZD/USD: breakdown with the bearish reversal. The pair is on secondary correction within the primary bullish condition with 0.6950 support level to be testing to below for the reversal of the price movement to the primary bearish market condition. The price is located within the following key support/resistance levels: 0.7292 resistance level located far above Ichimoku cloud on the primary bullish area of the chart, and0.6950 support level located near Senkou Span line of Ichimoku ...
Inflation in New Zealand was up 0.4 percent on year in the second quarter of 2016, Statistics New Zealand said on Monday. NZD/USD M5: 54 pips price movement by New Zealand CPI news event more...
NZD/USD -FXTW wrote last week that “higher highs and higher lows since August 2015 leaves NZD/USD in an uptrend but be aware of a wall near .71. .7100 is home to a long term median line, 2011 low (.7114) and 1996 high (.7148). The higher highs and higher lows since August are contained by converging trendlines so price action since August 2015 could form a wedge.” High for the post-RBNZ move was .7147. The ‘general area’ of resistance probably ...
Trading the News: Reserve Bank of New Zealand (RBNZ) Interest Rate Decision According to a Bloomberg News survey, 10 of the 17 economists polled anticipate the Reserve Bank of New Zealand (RBNZ) to retain its current policy in June, but more of the same from Governor Graeme Wheeler and Co. may encourage a further recovery in NZD/USD should the central bank largely endorse a wait-and-see approach for monetary policy. What’s Expected: ...
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