Author Topic: Daily Market Analysis from ForexMart: NZD/USD 3  (Read 586 times)

Offline Andrea ForexMart

  • Jr. Member
  • Posts: 84
  • Country: am
  • Gender: Female
  • OS:
  • Windows 7/Server 2008 R2 Windows 7/Server 2008 R2
  • Browser:
  • Chrome 63.0.3239.132 Chrome 63.0.3239.132
    • View Profile
  • Age: 30
  • Location: Armenia
  • Profession: Manager
Daily Market Analysis from ForexMart: NZD/USD 3
« on: January 26, 2018, 08:21:40 AM »
NZD/USD Technical Analysis: January 25, 2018

The Kiwi dollar broke out to upside amid the trading session yesterday, reaching the higher level of 0. 74 which is close to the top of the general consolidation area in the longer term and extends to the 0. 75 region.  The 0. 68 below is the lowest area of the largest consolidation zone which means higher price level.  However, the American currency is obviously struggling and it remains to be seen for any upward movements.  While pull backs could possibly offer value.

A break on top of the 0. 75 handle would enable the market to edged higher or an attempt to reach the 0. 7750 or 0. 80 level.  The volatility is projected to continue and the short-term pullback will arrive sooner or later.  It is advised not to get attracted in selling due to factor against the US dollar sentiment.  Market players should also take focus on commodity markets and the overall risk appetite for this helps gauge the next probable movement of the New Zealand currency.  This is the expected event in the longer-term correlation and the Kiwi together with the commodities should ramp up, this will have higher chance to happen if the ?soft commodities?  rallied.  In addition to it, shorting could completely change the sentiment of the Forex market.


Advertisements

Andrea ForexMart, Official Representative
ForexMart

Nigerian Best Forum . NBF

Daily Market Analysis from ForexMart: NZD/USD 3
« on: January 26, 2018, 08:21:40 AM »

Offline CarlosR

  • Cadet
  • Posts: 19
  • Country: cu
  • Gender: Male
  • OS:
  • Windows NT 10.0 Windows NT 10.0
  • Browser:
  • Chrome 63.0.3239.132 Chrome 63.0.3239.132
    • View Profile
  • Age: 27
  • Location: Sambia
  • Profession: Trader
Re: Daily Market Analysis from ForexMart: NZD/USD 3
« Reply #1 on: February 02, 2018, 05:36:21 PM »
While growth in the two Asian-Pacific economies has picked up some steam, a sharp appreciation in the exchange rate threatens to depress growth and dampen already subdued inflationary pressures.  The aussie gained just over 8% versus its US counterpart in 2017 and is up a further 2. 5% so far in 2018.  The kiwi rose by a more modest 2% last year but has rallied almost 4% in January.

Both the RBA and RBNZ could toughen their language on the exchange rate in their upcoming meetings on February 6 (Tuesday) and 8 (Thursday) respectively.  However, investors are likely to ignore such comments if the central banks also raise their outlooks on the economy as this would bring forward expectations about the timing of a rate increase.  Based on recent data, the RBNZ is more likely to strike an upbeat tone, while the RBA could sound more cautious.
https://alpari. com/en/analytics/currency/converter/DKK-USD/?sum=1

Nigerian Best Forum . NBF

Re: Daily Market Analysis from ForexMart: NZD/USD 3
« Reply #1 on: February 02, 2018, 05:36:21 PM »

Enter Your Email Below For Daily Jobs Updates, It's Free

100% Free


 

Enter Your Email Below For Daily Jobs Updates, It's Free

100% Free