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NZD/USD finding trendline support, may rise on rate hike

The New Zealand dollar is finding support at the downtrend line that goes back to 2011. Next week the RBNZ is expected to hike rates from 2.75% to 3%, which means NZD may gain some strength as a result and could be why we are not making a lot of progress to the downside. 8 more words

Finance

NZD/USD targeting 0.85, NZD rate decision next week

The New Zealand dollar has fallen as expected.  The combination of a dark cloud cover candle pattern and bearish RSI divergence is following through. Whether or not this pair follows through more and breaks below 0.236 fib support around 0.85 will likely have to wait until next Wednesday when the RBNZ is expected to hike rates. 48 more words

Finance

NZD/USD Technical Analysis April 14th 2014

The New Zealand dollar is continuing to consolidate but should reverse lower soon.  The combination of a dark cloud cover candle pattern and bearish RSI divergence is enough to cancel out the hammer candle, however we could see some consolidation for at least another week or two before a final push lower. 12 more words

Finance

Forex Outlook for the week of 4/14-4/18

Here are the major events occurring for the major currency pairs this week. For the USD, US advanced retail sales should show an improvement from prior, following the retail sales release on Tuesday there should be a pickup in CPI data which should lead to a further USD bounce. 69 more words

Stocks

NZD/USD Technical Analysis April 9th 2014

The New Zealand dollar is continuing to head higher but some caution should be seen, a head and shoulder pattern no longer seems a possibility but there is some RSI divergence occurring which shows some potential weakness. 60 more words

Finance

Analysis : Trade Update NZDJPY Donchian Channels ( DNC)

Analysis : Trade Update NZDJPY Donchian Channels ( DNC)

Using the Donchian Channesl the trade Long Buy for NZD/ JPY kicked off 3rd March 2014 ,on the 4 hr chart for a long position when price had hit the top DNC, although late for entry by 66 pips entered at 86.643 , with initial stop at 84.487 with 231 pip stop loss .As the days progressed the trade matured and gave profits and reduced risk. 201 more words

Trading

NZD/USD Technical Analysis April 8th 2014

The New Zealand dollar is heading into some potential resistance and may be forming a head and shoulder reversal pattern hinting a turn lower is ahead. 74 more words

Forex