Forex Market News Today
  • Home
  • News
  • LiveHourly
  • Markets
  • Stock
  • Business
  • Economy
  • World
  • Politics
  • Energy
  • exchange
  • companies
No Result
View All Result
Forex Market News Today
Home Live

Bullish Momentum Gathering Pace for NZD/USD Rates

2 months ago
in Live
4 min read
Bullish Momentum Gathering Pace for NZD/USD Rates
Share on FacebookShare on Twitter


New Zealand Dollar Rates Overview:

  • The New Zealand Dollar is well-positioned for more gains, similar to its Australian Dollar brethren; like AUD/JPY and AUD/USD rates, NZD/USD rates are in bullish breakout territory.
  • The New Zealand Dollar, a growth-linked currency, has benefited from rising risk appetite as the Asia-Pacific region has weathered the pandemic better than the West, and moreover, coronavirus vaccine approval and deployment has begun across developed Western economies.
  • The New Zealand Dollar has a bullish bias, according to the IG Client Sentiment Index.

New Zealand Dollar Gains Build

Among all of the countries tied to the major currencies, its hard to argue that any country has fared better during the coronavirus pandemic than New Zealand. The New Zealand Dollar, a growth-linked currency, has benefited from rising risk appetite as the Asia-Pacific region on the whole has weathered the pandemic better than the West, and moreover, coronavirus vaccine approval and deployment has begun across developed Western economies.

More liquidity in financial markets, thanks to the December ECB rate decision, is helping spur a global reach for growth-linked currencies and assets once more. In this environment of broadening optimism, the New Zealand Dollar is well-positioned for more gains, similar to its Australian Dollar brethren; like AUD/JPY and AUD/USD rates, NZD/USD rates are in bullish breakout territory.

Trading Forex News: The Strategy

Trading Forex News: The Strategy

Recommended by Christopher Vecchio, CFA

Trading Forex News: The Strategy

NZD/USD RATE TECHNICAL ANALYSIS: DAILY CHART (December2019 to December 2020) (CHART 1)

nzd/usd rate, nzd/usd technical analysis, nzd/usd chart, nzd/usd rate forecast, nzd/usd rate chart

A bearish daily hammer candle on Wednesday has been met by a bullish inside day thus far on Thursday, with NZD/USD rates holding near session highs at the time of writing. NZD/USD rates rebounded off of the daily 13-EMA, which the market has held above every session since November 2. The sideways churn seen since the start of December may be coming to an end; a breach of the December high at .7104 would signal the start of the next leg lower.

Bullish momentum is returning, with NZD/USD rates back above the daily 5-, 8-, 13-, and 21-EMA, which is still in bullish sequential order. Daily MACD’s drop in bullish territory is being curtailed, while Slow Stochastics have already started trending higher once more while above their median line. Coupled with the backdrop of a strong monthly seasonality trend, NZD/USD rates retain an upside bias.

IG Client Sentiment Index: NZD/USD RATE Forecast (December 10, 2020) (Chart 2)

igcs, ig client sentiment index, igcs nzd/usd, nzd/usd rate chart, nzd/usd rate forecast, nzd/usd technical analysis

NZD/USD: Retail trader data shows 26.15% of traders are net-long with the ratio of traders short to long at 2.82 to 1. The number of traders net-long is 4.02% lower than…



Go to the news source: Bullish Momentum Gathering Pace for NZD/USD Rates

Tags: BullishGatheringMomentumNZDUSDPaceRates
Previous Post

Rules of origin: Why are Percy Pigs a headache for M&S?

Next Post

Trump Orders Military Shift to Spur Israeli-Arab Cooperation Against Iran

Related Posts

Rupee slumps 27 paise to 72.99 against US dollar in early trade
Live

Rupee slumps 27 paise to 72.99 against US dollar in early trade

by Forex News
March 4, 2021
0

Mumbai, Mar 4 (PTI) The Indian rupee slumped 27 paise to 72.99 against the US dollar in opening trade...

Read more
sensex today: Stock Market LIVE Updates: Sensex tumbles over 550 points, Nifty b…
Live

sensex today: Stock Market LIVE Updates: Sensex tumbles over 550 points, Nifty b…

by Forex News
March 4, 2021
0

!1 New UpdateClick here for latest updatesRupee slumps 27 paise to 72.99 against US dollar in early tradeThe Indian...

Read more
A Quick Introduction to Forex and Forex Brokers
Live

A Quick Introduction to Forex and Forex Brokers

by Forex News
March 4, 2021
0

Foreign exchange reading has always been popular, and with the advent of automated trading bots, it has become a...

Read more
GBP/USD, EUR/USD, DXY: Charts & Technical Analysis
Live

GBP/USD, EUR/USD, DXY: Charts & Technical Analysis

by Forex News
March 4, 2021
0

https://www.youtube.com/watch?v=0Es70aDeQ1o Technical Outlook:GBP/USD breaking out above resistanceEUR/USD rising in near-term channel formationDXY working lower towards big retest of long-term...

Read more
GBP/USD Rally Out of Steam?
Live

GBP/USD Rally Out of Steam?

by Forex News
March 3, 2021
0

GBP/USDFUNDAMENTAL HIGHLIGHTS:GBP REJECTS RESISTANCEBOE DOWNPLAYS NEGATIVE RATESMARKET SENTIMENT TO DICTATE GBPGBP REJECTS RESISTANCE: In what has been relatively choppy...

Read more
The Top 10 Forex Coaches To Follow in 2020
Live

The Eco-Friendly Way To Trade Forex

by Forex News
March 3, 2021
0

The new CedarFX Forex broker is already in the proverbial class by itself. Since launching in 2020, it has...

Read more
Demand Dips For Bitcoin Are Temporary; But Lack Of Supply Is Permanent
Live

Op-ed: Buying things with bitcoin now and in 2017 — what’s changed and how much …

by Forex News
March 2, 2021
0

Posted by: Bitcoin News Editor in Bitcoin News Wire 2 hours ago I attempted to live off bitcoin for...

Read more
EUR/USD Rejects Support, Drives At 1.2100
Live

EUR/USD Rejects Support, Drives At 1.2100

by Forex News
March 2, 2021
0

March has already brought whipsaw action to the Greenback as forex players position themselves for the coming month. This...

Read more
Dollar, GBP/USD, AUD/USD, Gold & Bitcoin
Live

Bitcoin, Gold, Dollar, EUR/USD, AUD/USD and USD/CAD Technical Levels

by Forex News
March 2, 2021
0

https://www.youtube.com/watch?v=4pMQIf8E_4c Weekly Technical Trade Levels on USD Majors / Commodities US Dollar Majors Testing Make-or-Break Levels - Gold Defending...

Read more
HP Inc. to Participate at Morgan Stanley’s Investor Conference
Live

HP Inc. to Participate at Morgan Stanley’s Investor Conference

by Forex News
March 2, 2021
0

PALO ALTO, Calif., March 01, 2021 (GLOBE NEWSWIRE) — HP Inc. (NYSE: HPQ) will attend the Morgan Stanley TMT...

Read more
Next Post
Trump Orders Military Shift to Spur Israeli-Arab Cooperation Against Iran

Trump Orders Military Shift to Spur Israeli-Arab Cooperation Against Iran

Subscribe
Login
Notify of
guest
guest
0 Comments
Inline Feedbacks
View all comments

Latest Forex News

Donald Trump is right: $600 is not nearly enough. But $2,000 isn’t, either

Donald Trump is right: $600 is not nearly enough. But $2,000 isn’t, either

2 months ago
Crazy crude oil price’s behaviour shocked investors

Crazy crude oil price’s behaviour shocked investors

3 months ago
A staggering number of laid-off workers are receiving more money in unemployment…

A staggering number of laid-off workers are receiving more money in unemployment…

3 months ago
Your Sunday 6: Nashville investigation continues; unemployment benefits in limbo…

Your Sunday 6: Nashville investigation continues; unemployment benefits in limbo…

2 months ago

Today Market News

Live Stock Market Updates – The New York Times
Economy

Live Stock Market Updates – The New York Times

March 4, 2021
Saudis, Russia Discuss Joint Oil Output Raise Ahead of OPEC Meeting
Economy

Saudis, Russia Discuss Joint Oil Output Raise Ahead of OPEC Meeting

March 4, 2021
China’s Inner Mongolia Declares War on Crypto Mining – Bloomberg Markets and Fin…
Economy

China’s Inner Mongolia Declares War on Crypto Mining – Bloomberg Markets and Fin…

March 4, 2021
California inmate charged with unemployment benefits fraud
Economy

California inmate charged with unemployment benefits fraud

March 4, 2021
Sweden: Terrorism eyed after ax attack injures 8
World

Sweden: Terrorism eyed after ax attack injures 8

March 4, 2021
Rupee slumps 27 paise to 72.99 against US dollar in early trade
Live

Rupee slumps 27 paise to 72.99 against US dollar in early trade

March 4, 2021
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • DMCA
  • CCPA

© 2020 Siteofforex.com

No Result
View All Result
  • Home
  • News
  • Live
  • Markets
  • Stock
  • Business
  • Economy
  • World
  • Politics
  • Energy
  • exchange
  • companies

© 2020 Siteofforex.com

wpDiscuz