NZD/USD has fallen hard in the past five trading days down nearly 400 pips. A strong move of this nature suggests NZD/USD may be in an impulsive wave lower. The move lower appears incomplete and the next cluster of wave relationships shows up near .65-.66. The Elliott Wave model we are following suggests we are in a wave (iii) lower. Third waves tend to be the longest and strongest of the Elliott Wave sequence. Therefore, it should ...
The total number of building permits issued in New Zealand surged a seasonally adjusted 10.0 percent on month in August, Statistics New Zealand said on Friday - coming in at 3,166. more...
New Zealand's terms of trade climbed 1.5 percent on quarter in the second three months of 2017, Statistics New Zealand said on Friday. more...
The New Zealand Dollar broke below trend line support guiding the move higher against its US cousin since mid-May, hinting a significant reversal is in the works. The move lower may reflect pre-positioning ahead of the upcoming RBNZ monetary policy announcement. The next layer of significant support comes in at 0.7276, the 38.2% Fibonacci retracement. A daily close below that opens the door for a challenge of the 50% level at 0.7188. Alternatively, ...
The jobless rate in New Zealand came in at a seasonally adjusted 4.8 percent in the second quarter of 2017, Statistics New Zealand said on Wednesday. more...
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