Online Forex broker
Kiwi dollar slid to 0.6995 in the past week amid bad NZ trade balance data and higher USD. The Reserve Bank of New Zealand kept interest rates and its present monetary policy stance unchanged having failed to provide a boost for the domestic currency.
Next week economic calendar for NZD/USD currency pair will be light. The main focus will likely be on the US political news, mainly on Trump’s fiscal and trade policies. The background will be created by the US dataset (CB consumer confidence, final GDP, unemployment claims) and Fed speakers. On Friday, pay closer attention to the business confidence report coming out of New Zealand at 2:00 am (MT time).
The technical outlook for NZD/USD currency pair is bearish. Kiwi rollbacked from the key resistance line at 0.7090 towards 0.7005. A break of the support at 0.6990 might send prices towards 0.6920 (50% Fibo level traced from last-year low). On the upside, the immediate resistance can be found at 0.7050, 0.7140.
.png)
The wave of ups and downs in the Forex market did not bypass the exotic currencies in 2018. Let’s look at how analysts predict the performance of those ones, which suffered the most during 2018 - the Brazilian real and Turkish lira.
The earnings season is in a full swing in America. It's time to trade stocks!
The news from Apple Inc has shocked the market last week.
The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
Your request is accepted.
A manager will call you shortly.
Internal error. Please try again later
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
