![NZD/USD: entering the six-year resistance zone](/storage/article/29737/preview/TPzPlTnJs5KHwP07_2560x600_q70.jpg)
The New Zealand dollar has been really strong lately. Will it beat the multiyear highs?
2019-11-11 • Updated
NZD/USD recently broke through the long-term support level 0.6840 (which has been steadily reversing the price from the end of 2016, as can be seen from the daily NZD/USD chart below). The breakout of this support level accelerated the active minor impulse wave 3. NZD/USD is expected to fall in the active impulse wave (C) toward the next sell target at the next support level 0.6670 (former support from May of 2016).
The New Zealand dollar has been really strong lately. Will it beat the multiyear highs?
The dollar gains against low-yielding currencies on Wednesday, hitting a five-month high against the yen as US bond yields jumped on the prospects of further economic recovery.
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Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
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