Daily Trading Analysis by Exness - NZD/USD

[Exness Support]

Daily Trading Signals by Exness - NZD/USD

29.07.2014 9:09 NZDUSD
NZDUSD: under pressure against the background of a reduction in New Zealand dairy production prices

Sell now with a target of 0.8400. Stop loss = 0.8570. Current price = 0.8511.

Reason for the trading strategy.

New Zealand's largest dairy producer, Fonterra, said that it has revised its outlook on payments to dairy farmers after the fall of prices for dairy products on world markets. As is known, this production forms a significant proportion of New Zealand's exports. Therefore, in the coming months, we can expect a reduction in profits of national producers of dairy products.

NZDUSD, Daily

 

[Exness Support]

25.08.2014 9:09 NZDUSD
NZDUSD: under pressure after publication of New Zealand's internal trade data

Sell on a level breakthrough of 0.8330 with 0.8260 target. Stop loss = 0.8390.

Reason for the trading strategy.

Today at 22.45 GMT, the New Zealand trading balance figures will be published. In July, a decline of this indicator from 247 million to -475 million is expected, which could put pressure on the Kiwi.


NZDUSD, H4

 

[Exness Support]

26.08.2014 8:08 NZDUSD
NZDUSD: consolidation despite the decrease in trade balance in New Zealand

Sell on a level breakthrough of 0.8310 with 0.8260 target. Stop loss = 0.8370

Reason for the trading strategy.

New Zealand's trade balance in July fell from 242 million to (- 692 million), which was worse than expected (- $ 475 million.). In particular, imports to New Zealand in July amounted to 4.4 billion, while exports totaled about 3.7 billion. Despite the disturbing data on foreign trade, the Kiwi, having taken advantage of the yield on 10-year United States government bonds from 2.40% to 2.37%, attempted to rebound to the level of 0.8310.

NZDUSD, H4

 

[Exness Support]

11.09.2014 8:08 NZDUSD
NZDUSD: under pressure after the statement made by Wheeler RBNZ Governor

Sell on a level breakthrough of 0.8180 with 0.8069 target. Stop loss = 0.8250.

Reason for the trading strategy.

The Reserve Bank of New Zealand (RBNZ) left the official interest rate unchanged at 3.50%. Today also, RBNZ Governor Wheeler said that the growth rate for consumer price inflation in New Zealand in the 3rd quarter 2014 is likely to slow down from 1.6% to 1.3%. In his opinion, the decline in the commodity prices will put significant pressure on the "Kiwi".

NZDUSD, H4

 

[Exness Support]

18.09.2014 9:09 NZDUSD
NZDUSD: growth against the background of New Zealand's accelerating GDP in the 2nd quarter 2014

Buy on a level breakthrough of 0.8121 with 0.8210 target. Stop loss = 0.8060.

Reason for the trading strategy.

New Zealand's GDP in the 2nd quarter 2014 grew by 3.9% with a forecast of 3.8% in annualized terms. The data is positive for the exchange rate of the Kiwi. From a technical point of view, buying the NZDUSD pair should be considered above the 0.8121 resistance level.

NZDUSD, H4

 

[Exness Support]

29.09.2014 8:08 NZDUSD
NZDUSD: under pressure against the background of a rise of the dollar

Buy on rebound from 0.7709 level with 0.7850 target. Stop loss = 0.7650.

Reason for the trading strategy.

Today, the New Zealand dollar is only beginning to regain an exceptionally strong statistics on the US GDP for Q2 of 2014. The Kiwi, having collapsed by more than 1.5 figures this morning, attempted to reduce some of the losses. In view of the presence of a close support of 0.7709, opening a long position on the kiwi, hoping for its further adjustment is worth considering.

NZDUSD, Daily

 

[Exness Support]

29.10.2014 8:08 NZDUSD
NZDUSD: growth against the background of an increasing business confidence index in New Zealand

Buy on a level breakthrough of 0.7957 with 0.8032 target. Stop loss = 0.7900.

Reason for the trading strategy

In September, the business confidence index in New Zealand rose from 13.4 p. to 26.5 p. The data indicate a probability of an increase in investment spending by the national companies, which will benefit the future growth of New Zealand's GDP.

NZDUSD, H4

 

[Exness Support]

20.11.2014 7:07 NZDUSD
NZDUSD: under pressure against the background of a reduction in New Zealand's PPI

Sell on a level breakthrough of 0.7823 with 0.7770 target. Stop loss = 0.7870.

Reason for the trading strategy

Producer price index in New Zealand in Q3 2014 increased by 1.1% (q/q), which was better than the expected +0.2% (q/q). The data reflect a decline in inflationary pressures in the country, which may put some pressure on the Kiwi.

NZDUSD, H4

 

[Exness Support]

NZDUSD
Dec. 18, 2014, 07:23

Buy on a level breakthrough of 0.7752 with 0.7839 target. Stop loss = 0.7700.

Reason for the trading strategy

New Zealand's GDP in Q1 2014 increased by 1.0% (q/q), with a forecast of 0.7% (q/q). The data reflect a growth of aggregate demand in the national economy. We believe the statistics will provide support for the Kiwi. On a resistance level breakthrough of 0.7752, opening long positions on the Kiwi is worth considering.

NZDUSD, H4

 

[Exness Support]

NZDUSD: under pressure after the Bank of Japan meeting

NZDUSD
Jan. 29, 2015, 09:22
Sell on a level breakthrough of 0.7290 with 0.7225 target. Stop loss = 0.7340.

Reason for the trading strategy

The Reserve Bank of New Zealand has kept its benchmark interest rate unchanged at 3.5%, as expected. The director of RBNZ Wheeler expects that the rate will remain unchanged for quite some time. However, Wheeler said that the New Zealand dollar is high and unstable. These news is negative for the Kiwi. Note that the December statistics on New Zealand's trade balance does not add optimism to buyers of the Kiwi.

NZDUSD, H4

 

[Exness Support]

NZD/USD Intraday: the upside prevails.

Pivot: 0.74

Our preference: Long positions above 0.74 with targets @ 0.7485 & 0.753 in extension.

Alternative scenario: Below 0.74 look for further downside with 0.736 & 0.731 as targets.

Comment: Technically the RSI is above its neutrality area at 50.

 

[Exness Support]

NZDUSD
May 8, 2015, 10:39
Sell on a level breakthrough of 0.7420 with 0.7370 target. Stop loss = 0.7470.

Reason for the trading strategy

In April, China reduced the import consumption from 12,7% (y/y) to 16.7% (y/y). These statistics are negative for commodity currencies. Opening short positions in the NZD/USD pair is worth considering at the breakthrough of the 0.7420 support level.

NZDUSD, H4

 

[Exness Support]

In the short term, the NZDUSD pair may test the 0.7272 level

NZDUSD
May 12, 2015, 11:08
Sell on a level breakthrough of 0.7327 with 0.7272 target. Stop loss = 0.7377.

Reason for the trading strategy

The Kiwi is consolidating before the publication of the RBNZ financial stability report. In addition, the continued growth of the AUD/NZD pair against the background of a decline of the key interest rate in China by 25 bps has put pressure on the New Zealand currency. Meanwhile, a possible weakening of the US dollar against the euro could contribute to an adjustment of the NZD/USD pair from the 0.7327 support level.



NZDUSD, H4

 

[Exness Support]

NZDUSD: under pressure against the background of a reduction in New Zealand's key interest rate

NZDUSD
Giu. 11, 2015, 08:33
Sell on a level breakthrough of 0.6997 with 0.6945 target. Stop loss = 0.7047.

Reason for the trading strategy

The RBNZ lowered its key interest rate by 25 bps to 3.25% when it was expected to remain at 3.5%. According to the regulator, the low prices for dairy products, and the high fuel prices will put pressure on net exports and household income. These news is negative for the Kiwi. In the short term, the NZD/USD pair may decline to the 0.6945 level.



NZDUSD, H4