NZD/USD erases yesterday’s advance, buyers lose near-term control

NZD/USD falls to a session low of 0.7011, slipping just below its 100-hour moving average Invest in yourself. See our forex education hub. After a poor showing yesterday, the dollar has managed to reverse losses against the antipodeans with NZD/USD seen falling to a low of 0.7011 today. That pretty much erases the advance yesterday […]

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AUDUSD and NZDUSD some early upside risk-on flows

AUDUSD tests the high from yesterday. NZDUSD price cracks above topside trend line resistance. The AUDUSD is trading higher in early Asian session trading taking it’s clues from a higher stock opening and record closes in the US. The NZDUSD is also higher and tests a topside trend line on the hourly chart. Looking at the […]

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NZDUSD chops near day lows. Support stalls the fall today.

NZDUSD stalls ahead of 100 hour moving average and 38.2% retracement The price of the NZDUSD spent the 1st 3 days of the trading finding resistance sellers against a swing area between 0.7112 and 0.7120 (see yellow area and red numbered circles).  Meanwhile, the moves to the downside saw the price stall near support between 0.7053 and 0.7058. After bottoming […]

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NZD/USD extends modest rebound from overnight trading, what’s next?

The kiwi advances further in European morning trade today For bank trade ideas, check out eFX Plus NZD/USD is pushing higher on the day towards 0.6600 currently, following a modest rebound in North American trading from a low of 0.6512 to close at 0.6546. The bounce comes after price action moved close to testing the […]

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NZDUSD trades to highest level since April 2019, but backs off

The 0.6780-0.6790 ceiling area was broken but only barely. The NZDUSD traded to its highest level since April 3, 2019, getting above a ceiling area between 0.67803 and 0.6790. That’s the good news for the buyers. The not so good news is that the price can only extend to 0.67969 before rotating back to the […]

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NZD/USD pushes to fresh session highs as buyers extend upside momentum

NZD/USD hits fresh highs since 7 August in European morning trade For bank trade ideas, check out eFX Plus The kiwi has been trending weaker for the most part since last week, after the RBNZ moved to expand QE, opened the door to negative rates, and voiced out preference for a weaker currency to help […]

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