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Nzdusddaily

NZDUSD - CURRENT SITUATION AND TECHNICAL BIAS- NZD FEATURE is currently down a bit. The main reason for this is the DOWN of occasional COMMODITIES and the strength of the USD. Also, MARKETS RISK OFF is one of the reasons why we are NZD DOWN. The POSITIVE SENTIMENT for USD has not diminished yet. The POSITIVE SENTIMENT that comes to USD from time to time shows that NZDUSD DOWN is different. But from time to time DXY CORRECTION is happening. The NZD FEATURE stands at 0.6254 LEVEL. The DXY is currently slightly up to 104.775. According to the MARKET SENTIMENT and the USD is currently slightly STRONG. Priced above NZDUSD DYNAMIC LEVELS. - Currently the OVERALL MARKET is RISK OFF. STOCKS is currently showing a GREEN MIXED BIAS. Also VOLATILITY has been getting somewhat DOWN since last evening. Also COMMODITIES shows a DOWN SIDE BIAS. Currently there is only one RISK OFF TONE in the market. Therefore, all currencies such as NZD CAD AUD may definitely be somewhat DOWN in the future. Also JPY CHF can be UP. - NZDUSD PRICE can be UP to 143.335 LEVEL before DOWN. Then you can DOWN to LEVEL 135.116. Buying NZDUSD is a bit risky if VIX is UP. So get more opportunity to sell NZDUSD with MARKET UPDATES.
by benny_marshall
NZDUSD - CURRENT SITUATION AND TECHNICAL BIAS- NZD FEATURE is currently slightly UP. The main reason for this is the UPA in occasional COMMODITIES and some weakness in the USD. Also, MARKETS RISK ON can be cited as a reason for us to become NZD UP. The POSITIVE SENTIMENT for USD has not diminished yet. But from time to time DXY CORRECTION is happening. The NZD FEATURE stands at 0.6522 LEVEL. The DXY is currently slightly up to 101.94. According to the MARKET SENTIMENT and the USD is currently slightly WEAK. Priced above NZDUSD DYNAMIC LEVELS. - STOCKS are currently DOWN. And VIX is becoming DOWN. Also COMMODITIES OVERALL DOWN. Also BONDS PRICES are becoming NEUTRAL. Also BONDS SPREADS are DOWN. Currently the MARKET RISK ON status is heavy. So definitely create a UP TREND for AUD CAD NZD and a DOWN TREND for JPY CHF USD. - NZDUSD PRICE can be UP to 0.6720 LEVEL before DOWN. Then it can be DOWN to 0.6198 LEVEL. Buying NZDUSD is a bit risky if VIX is UP. So stay tuned with MARKET UPDATES.
by benny_marshall
NZDUSD - CURRENT SITUATION AND TECHNICAL BIAS- NZD FEATURE is currently slightly UP. The main reason for this is the UPA in occasional COMMODITIES and some weakness in the USD. The POSITIVE SENTIMENT for USD has not decreased yet. But from time to time DXY CORRECTION is happening. The NZD FEATURE stands at 0.6515 LEVEL. The DXY is currently trading slightly below 101.65. According to the MARKET SENTIMENT and the USD is currently slightly WEAK. Priced above NZDUSD DYNAMIC LEVELS. - Currently the OVERALL MARKET is RISK ON. STOCKS is currently displaying a GREEN SIDE BIAS. Also the VOLATILITY is getting a bit DOWN. Also COMMODITIES still shows a NEUTRAL BIAS. Currently there is only one RISK ON TONE in the market. Therefore, in the future, all currencies such as NZD CAD AUD can definitely be UP. Also JPY CHF can be DOWN. - NZDUSD PRICE can be UP to 0.6660 LEVEL before DOWN. Then it can be DOWN to 0.6198 LEVEL. Buying NZDUSD is a bit risky if VIX is UP. So stay tuned with MARKET UPDATES.
by benny_marshall
3
NZDUSDThe NZD/USD hovered near the 0.64100 ratio yesterday and remains within the weakest part of its long term price range as of today. Values of the NZD/USD are traversing prices not sincerely tested since June of 2020. However it should be noted that on the 4th of April, almost one month ago, the NZD/USD was trading near the 0.70300 vicinity. Traders are certainly aware of the downward cycle the NZD/USD has encountered the past month as financial institutions have positioned their cash holdings, as they anticipate the next interest rate hike from the U.S Federal Reserve. However in January of this year the NZD/USD was trading momentarily near a low of around 0.64850 which highlights the forex pair has moved within these lower depths before and has managed to fight upwards. While technical traders cannot be blamed for looking at long term charts and can plainly see the NZD/USD was trading near lows of 0.54850 in March of 2020, considerations must be correlated. Downward pressure in the NZD/USD has certainly continued to make short term support vulnerable as new lows have been created. The near term will be volatile as financial houses react to the pronouncement of the U.S central bank which will be published on late Wednesday. The lows of March 2020 were made as coronavirus fears escalated two years ago. The U.S Fed has made it clear they want to raise interest rates by half a point tomorrow. This hike has been digested into the Forex market already. What investors need to now worry about is what moves the Fed claims it will take in the months ahead and that is causing nervousness. Short term traders need to understand that volatility will be quite rampant near term and choppy trading with spikes need to be anticipated. Traders who believe the NZD/USD is about to touch lows and start to reverse upwards cannot be blamed. However timing the moment when the NZD/USD truly turns around and starts to become positive may be quite difficult to pinpoint. Traders who think new lows will be seen in the NZD and the 0.64000 mark is in peril and lower depths will be seen cannot be faulted either. Within the choppy conditions that are likely to be demonstrated near term, speculators would be wise to use entry price orders. Igniting positions and using stop loss and take profit orders, to get in and out of positions could prove to be very helpful in the near term. NZD/USD Short-Term Outlook Current Resistance: 0.64710 Current Support: 0.64090 High Target: 0.65480 Low Target: 0.63810
Short
by SmoothJB