TECH Buy 17.04.2024 08:29
NZD/USD: wave analysis
The price is in a correction and may grow.
On the daily chart, the upward wave of the higher level (C) develops, within which the entry first wave 1 of (C) formed, a downward correction ended as the second wave 2 of (C), and the wave 3 of (C) develops. Now, the first wave of the lower level i of 3 has formed, and a downward correction is ending as the second wave ii of 3, within which the wave (c) of ii is ending. If the assumption is correct, after the correction, the NZD/USD pair will grow to the area of 0.6365–0.6542. In this scenario, critical stop loss level is 0.5768.
TECH Sell 16.04.2024 11:25
NZD/USD: high probability of strengthening downward movement
The NZD/USD pair broke through the support level of 0.5946 and headed towards 0.5865 against the strengthening of the American dollar against all major competitors after the publication of strong macroeconomic statistics.
FUND Buy 15.04.2024 09:13
NZD/USD: the New Zealand dollar is correcting after an active decline last week
The NZD/USD pair is showing uncertain growth, retreating from the local lows of November 14, updated in the first hours of trading on Monday.
FUND Sell 12.04.2024 10:59
NZD/USD: the US currency sets new high
The NZD/USD pair is correcting near 0.5995: the New Zealand dollar cannot restore its position against poor macroeconomic statistics.
FUND Sell 09.04.2024 12:06
NZD/USD: growth slowed ahead of the RBNZ meeting
Since the beginning of April, the NZD/USD pair has been trying to correct within the medium-term downtrend: currently, growth has slowed down around 0.6042 (Murrey level [2/8]), as investors await the outcome of the Reserve Bank of New Zealand (RBNZ) meeting and the publication of March inflation data in the United States, both of which will take place on Wednesday.