Today started with extreme volatility for the New Zealand dollar against the Japanese yen
Tag - nzd - new zealand dollar
EUR/NZD formed a number of candlesticks with long lower wicks on the D1 - a sign that there’s demand for the euro around 1.7300.
The USD and the EUR rising against the CAD; the NZD/JPY testing the support level.
While the market is boosted by the optimism concerning the US-China trade deal, we are awaiting the Canadian and New Zealand's data.
Find out what awaits the major currencies this month: Brexit, trade war, central bank meetings and more.
Will this week be optimistic for the markets?
This week we will see two rate statements by the major central banks, no changes in the interest rate are expected. Read more...
NZD/CAD testing 6-weeks resistance on November 1
Price action in NZD/USD strongly resembles the so-called “cup and a handle” pattern on the D1.
The risk-sensitive currencies are on the upswing and so is the USD versus the JPY and the EUR…
On the H1 chart of NZD/CAD, the price once again bounced back from the local resistance level of 0.8404 and is on the way down to support at 0.8281.
NZD/USD failed to overcome the resistance at 0.6430: yesterday’s close below 0.6385 confirmed the short-term victory of sellers.