NZD/USD fundamental analysis for March 23, 2017
March 23, 2017 2:48 pmVideo
Latest News
- Analysis of GBP/USD on April 26th. The pound trades on Friday without changes April 26, 2024
- USD/JPY: Simple trading tips for novice traders on April 26th (US session) April 26, 2024
- GBP/USD: Simple trading tips for novice traders on April 26th (US session) April 26, 2024
- EUR/USD: Simple trading tips for novice traders on April 26th (US session) April 26, 2024
- GBP/USD: trading plan for the US session on April 26th (analysis of morning deals). The pound attempted, but it didn’t go April 26, 2024
- EUR/USD: trading plan for the US session on April 26th (analysis of morning deals). The euro continues to rise April 26, 2024
- Trading Signals for GOLD (XAU/USD) for April 26-29, 2024: buy above $2,324 and sell below $2,352 (21 SMA – 6/8 Murray) April 26, 2024
- Technical Analysis – AUDUSD set to complete best week of the year April 26, 2024
- Will Apple finally drop its AI hint? – Stock Markets April 26, 2024
- Bitcoin slips as markets pare back Fed rate cuts – Crypto News April 26, 2024
- EUR/USD. April 26th. Bulls continue to advance after the GDP report April 26, 2024
- Can Chinese PMIs solidify the economy’s recovery prospects? – Preview April 26, 2024
- Weekly Forex Outlook: 26/04/2024 – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too April 26, 2024
- XM’s Lombok Collaboration: Brightening Futures April 26, 2024
- Week Ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too April 26, 2024
- Market Comment – Yen keeps sinking after Bank of Japan decision April 26, 2024
- Fed faces dilemma amid sticky inflation and slowing economy – Preview April 26, 2024
- USD/JPY: trading tips for beginners for European session on April 26 April 26, 2024
- GBP/USD: trading tips for beginners for European session on April 26 April 26, 2024
- EUR/USD: trading tips for beginners for European session on April 26 April 26, 2024
NZD had an important event today which was the Official Cash Rate during the RBNZ Rate Statement which was remained unchanged at 1.75% as expected. As the bounce off the 0.6900 area the price is currently heading upwards with an impulsive manner with the help of increased in Unemployment Claims report of USD. Today USD Unemployment Claims report was published with an increased figure of 258k which was expected to be at 240k and Currently FED Chair Yellen is speaking about the upcoming rate decisions. So, today the market is quite volatile as we observed but as of weak USD data published today, it is expected that NZD will gain more against USD in the future.
Now let us look at the technical view, as of negative reports of USD Unemployment claims and confused structure of the interest rate hike, USD is currently weaker than NZD. The price has bounced off from the dynamic support of 20 EMA and currently heading towards 0.7130 and any rejection or break off the level 0.7130 will indicate the future moves. Currently bullish move towards 0.7130 is expected.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
Related Posts: