Tag Archives: NZD

Elliott Wave Analysis On AUDNZD And EURGBP

Gregor Horvat

For those who cannot stay aside during the elections I recommend to look for non USD pairs, as they can be less volatile. Below I am looking at AUDNZD that I would be looking to trade, but after the elections results. Chart shows a clear pattern; five waves up from 1.0235, followed by a contra-trend reaction that can either be finished at recent low, or maybe support will be found near the 1.0350-1.0400 area by the end of the week. The price action is bullish and it suggests more gains while market is above the 1.0235 mark. more…

Elliott Wave Analysis On EURGBP And NZDUSD

Gregor Horvat

EURGBP: Intraday structure has changed a little in the last few hours, but nothing important for now. What really matter is that price move from recent high is slow and choppy; a clear personality of a contra-trend price move that suggests more upside in sessions ahead since we see wave four here on one our chart. Ideally fifth wave will lift price up to around 0.8700 or maybe 0.8800 by the end of the week. more…

NZD/USD: One To Watch Ahead Of Key NZ, US Data

Fawad Razaqzada

Although the Federal Reserve is still the only major central bank looking to increase interest rates, the persistently soft US data of late means a rate rise this year is becoming less and less likely. Yet, the US dollar has managed to regain its poise today despite the release of further disappointing macro pointers from the world’s largest economy. The reaction of the dollar looks suspicious to us, especially ahead of the publication of some important data on Friday. more…

AUD/NZD: Home, Home On The Range

Matt Weller

We’re seeing mixed performance in the foreign exchange market Wednesday, with the greenback rallying against most of its rivals (prominently including pound sterling and all of the commodity dollars) but drastically trailing its biggest rival, the euro. Until this muddled performance shakes out into a one-sided trend for the greenback, some traders may want to explore other currency crosses, including AUD/NZD. more…

AUD/NZD: On The Verge Of Breakdown?

Fawad Razaqzada

The AUD/NZD is probably not under many traders’ radars at the moment given for example the sharp moves in stocks and the US dollar recently, but this cross could be one for those who would like to take the greenback totally out of the equation. The AUD/NZD surged higher in early April from a low of just above parity to a high so far this year of about 1.1425/30. The rally thus took out the 2014 high of 1.1300. But as can be seen on the chart, the bulls were unable to hold their ground there for too long and prices have generally held below this handle for this best part of the past two months, without causing too much pain for the bulls. more…

NZDUSD Traders Crying Over Spilt Milk, Could .6400 Be Next?

Matt Weller

If I had told you Tuesday that China’s quarterly GDP would beat expectations, backed up by strong growth in Industrial Production and Retail Sales, you would logically expect NZDUSD to be trading higher. After all, China is New Zealand’s second-largest trading partner behind Australia, which is itself heavily dependent on growth in the world’s largest economy. Unfortunately, this simplified analysis ignores one critical factor: the price of milk. more…