Fundamental Analysis of NZD/USD for July 21, 2017
July 21, 2017 3:09 amVideo
Latest News
- Technical analysis of GBP/USD for May 03, 2023 May 3, 2023
- NZD/USD: further growth signaled May 3, 2023
- May 3, 2023 : Analyzing Recent Trends and Trading Opportunities in EUR/USD: A Technical Analysis Perspective. May 3, 2023
- May 3, 2023 : EUR/USD Intraday technical analysis and trading plan. May 3, 2023
- May 3, 2023 : GBP/USD Intraday technical analysis and significant key-levels. May 3, 2023
- NZD/USD: upside continuation confirmed May 3, 2023
- Ripple to exit its range soon? May 3, 2023
- Gold accelerating its growth May 3, 2023
- Trading Signal for USD/JPY for May 3-4, 2023: buy if rebounds above 135.00 (weekly pivot – 21 SMA) May 3, 2023
- Analysis of GBP/USD on May 3rd. The US labor market is not as bad as it seems May 3, 2023
- EUR/USD. Analysis for May 3rd. The Fed will raise the rate, but the market is not too interested May 3, 2023
- Technical Analysis – AUDJPY tests downward sloping trendline May 3, 2023
- Technical Analysis – EURUSD makes another attempt to meet the 13-month high May 3, 2023
- Wedge pattern in GBPUSD for May 3rd, 2023. May 3, 2023
- Technical analysis on Bitcoin for May 3rd, 2023. May 3, 2023
- Technical analysis on EURUSD for May 3rd, 2023. May 3, 2023
- Technical analysis on Gold for May 3rd, 2023. May 3, 2023
- ECB set to raise rates, but by how much? – Forex News Preview May 3, 2023
- Could Canadian employment data change loonie’s direction? – Forex News Preview May 3, 2023
- High Praise for Our Davao Seminar May 3, 2023
NZD/USD has been in a non-volatile bullish trend recently which is expected to continue further until 0.7500 resistance level is reached in the coming days. Today NZD Visitor Arrivals report showed an increase to 5.1% which previously was -1.4%, as tourism plays a significant role in the New Zealand economy the report has a direct impact on the country’s GDP resulting to good impact on the currency growth. Along with it, NZD Credit Card Spending report is also published today with a growth to 8.3% which previously was at 7.6%. On the USD side, the positive unemployment claims report yesterday which was published at 233k which was expected to be at 245k from the previous value of 248k, USD could not quite dominate the growth of the NZD which signals the strength of NZD to persist further in the coming days. Today there are no economic events on the USD side which might lead to further gain on the NZD in the future.
Now let us look at the technical view, the price has been quite non-volatile recently with the bullish momentum which could not properly violate the dynamic level of 20 EMA. As the price remains above the 20 EMA further bullish pressure towards 0.7500 resistance level is expected in the coming days.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
Related Posts: