Last week was quite eventful indeed, and now we are looking forward to a calmer week…What surprises do we need to expect from the market?
Tag - nzd - new zealand dollar
New Zealand will publish the level of GDP growth at 23:45 MT time on December 18.
NZD/USD met resistance around 0.6565 (61.8% Fibonacci of the July-October decline, top of the October-December bullish channel).
The main attention of traders is paid to the news concerning the US-China developments ahead of the US tariffs deadline scheduled on December 15.
Take a look at the technical set-ups of EUR/USD, NZD/USD, USD/CAD, and USD/CHF.
You will never get bored in the anticipation of the US-China trade deal...
NZDCAD has been rising today, a bearish reversal possible soon
A rebound in China's manufacturing sector has lifted up market sentiment. The JPY declined, while the AUD and the NZD went up. Watch the video to learn more!
The price has been showing an uptrend lately, but may go into a bearish reversal in the short-term.
EUR/NZD has reached the bearish targets we set last week. The outlook for the single currency still seems quite negative: the price is currently at the lowest levels since September.
AUD/NZD is declining for the third week in a row. It’s happening as the AUD is pressured by the weak Australian data, while New Zealand is releasing more decent figures.
Today, NZDCAD gives an example of a bearish reversal scenario confirmed by the RSI and the Stochastic Indicator.