AUD/USD and NZD/USD Fundamental Weekly Forecast – Powell’s Testimony to Have Major Impact on Aussie, Kiwi

The Australian and New Zealand Dollars finished lower last week with both currencies posting potentially bearish closing price reversal tops. The moves indicate the selling is greater than the buying at current price levels, but not necessarily a resumption of…

NZD/USD Forex Technical Analysis – Strengthens Over .6647, Weakens Under .6627

The New Zealand Dollar took a hit on Friday after the U.S. Dollar rallied sharply in reaction to a report from the U.S. Labor Department which revealed non-farm payrolls rose by 224,000 jobs in June, the most in 5 months,…

NZD/USD Forex Technical Analysis – Main Trend Changes to Down; Successfully Tested 50% at .6607

The NZD/USD plunged on Friday before stopping at a short-term 50% level. The selling was fueled by better-than-expected non-farm payrolls data, which helped improve the entire jobs report. The news dampened the chances of a Fed rate cut at the…

NZD/USD Forex Technical Analysis – July 5, 2019 Forecast

The New Zealand Dollar is trading lower on Friday as investors position themselves ahead of the release of the U.S. Non-Farm Payrolls report at 12:30 GMT. For nearly three weeks, the Kiwi has benefited from a weaker U.S. Dollar as…

AUD/USD and NZD/USD Fundamental Daily Forecast – US ADP Report Should Set the Tone Today

The Australian and New Zealand Dollars are trading mixed on Wednesday as investors weigh fresh domestic economic data against concerns over a global economic slowdown and a slew of European and U.S. data due later today. Investors in both currencies…

NZD/USD Forex Technical Analysis – July 3, 2019 Forecast

The New Zealand Dollar is trading slightly higher early Wednesday despite a report showing deteriorating business confidence. Earlier in the session, the New Zealand Institute of Economic Research (NZIER) Quarterly Survey of Business Opinion (QSBO) showed business confidence fell to…

Forex Recap – Despite RBA Rate Cut, AUD/USD Pair Generated Positive Price Actions

AUD/USD At around 04:30 GMT, the RBA announced a 25 bps rate cut this time, bringing down the interest rates from 1.25% to 1.00%.  The market had already expected a rate cut since last night. The AUD/USD pair had dropped…

NZD/USD Forex Technical Analysis – July 2, 2019 Forecast

The New Zealand Dollar closed sharply lower on Monday after posting a dramatic outside move closing price reversal top. Everything came into play on the move. Firstly, the currency was testing a major 50% to 61.8% retracement zone and secondly,…

NZD/USD Forex Technical Analysis – Testing Major Retracement Zone at .6710 to .6764

The New Zealand Dollar finished the week on a high note on Friday. The Forex pair has posted 10 consecutive higher closes. The main catalyst behind the rally is expectations of an interest rate cut by the Federal Reserve on…

AUD/USD and NZD/USD Fundamental Weekly Forecast – US-China Trade News Bullish on Paper; RBA Rate Cut Priced-in

The Australian and New Zealand Dollars finished sharply higher last week with the price action driven by central bank comments. Surprisingly hawkish remarks by the Reserve Bank of Australia (RBA) Governor helped underpin the Aussie, while the Reserve Bank of…

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