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Tag - nzd - new zealand dollar
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.
The most important events of the last week of November
The outlook for EUR/USD, GBP/USD, USD/JPY, AUD/USD, and more. Watch our trading plan to get new trade ideas!
EUR/NZD has been descending since the middle of October when it recoiled down from the resistance line connecting 2015 and 2018 highs.
The NZD is on a steady rise after the Wednesday strong bullish move, the USD is dropping and the EUR is testing the support level.
The RBNZ kept its interest rate on hold and we are awaiting the releases for the USD and testimony by the Fed Chair Jerome Powell