Posts Tagged ‘new zealand dollar’

Trading NZDJPY Ahead of the NZ Trade Balance

by Christopher Lemieuxon June 26, 2014 9:04 pm BST
The kiwi has been a favorable carry trade against the US dollar, gaining 3.4 percent this month, given that major central banks are keeping their benchmark interest rates at record low levels. The strengthening economy in New Zealand has caused the Reserve Bank of New Zealand to begin increasing their key benchmark rate. This policy […]

GBPNZD Triangle Breakout Looming

by Christopher Lemieuxon June 25, 2014 9:57 pm BST
The pound-kiwi is offering a few opportunities as it is trading within a triangle on the daily chart. Price action is weakening on the supporting ascending trend line, and key moving averages are supporting a bearish breakout. The daily 20 EMA is on the verge of closing below the 50 and 72 EMA, which could […]

NZDUSD Finding Resistance Ahead of Rate Decision

by Christopher Lemieuxon June 11, 2014 1:00 pm BST
The kiwi is finding resistance against the greenback ahead of the Reserve Bank of New Zealand (RBNZ) rate decision. The central bank increased their key benchmark rate in two consecutive meetings, but there is speculation that the RBNZ will refrain from increasing rates again to deter excessive strength. The pair is finding trouble closing above […]

AUDUSD & AUDNZD Poised For Breakout, Testing Trend Resistance

by Christopher Lemieuxon June 9, 2014 7:03 pm BST
The Aussie-dollar is testing several levels of resistance, which could lead in a price action breakout to the upside. First, price action is testing the larger downtrend created from the yearly high of .9756. Price action is currently being held around .9350. Secondly, there is a near-term channel resistance that would be testing slightly higher […]