TECH Buy 17.05.2024 11:24
NZD/USD: the long-term trend has changed upwards
The NZD/USD pair broke through 0.6070 and consolidated higher, heading towards 0.6205. Positive dynamics are developing against declining inflation in the United States. The April consumer price index amounted to 0.3% MoM, below the forecast of 0.4% and the previous value of 0.4%. The core figure was 0.3% MoM, as expected, down from 0.4%.
FUND Sell 16.05.2024 09:17
NZD/USD: the instrument is consolidating in the area of local highs
The NZD/USD pair shows multidirectional dynamics, remaining close to 0.6120 and updating local highs from March 15. The day before, the instrument showed a sharp increase due to the publication of inflation statistics in the United States.
TECH Buy 15.05.2024 08:41
NZD/USD: wave analysis
The possibility of growth remains.
On the daily chart, an upward wave of the higher level (C) is being developed, within which the entry first wave 1 of (C) appeared, a correction as the second wave 2 of (C) has completed, and wave 3 of (C) is being formed. At the moment, the first wave of the lower level i of 3 has appeared, a correction as the second wave ii of 3 is completed and wave iii of 3 is formed, within which wave (i) of iii continues to develop. If the assumption is correct, the NZD/USD pair will rise to the area of 0.6225–0.6365. The level of 0.5876 is critical and stop-loss for this scenario.
FUND Buy 14.05.2024 12:55
NZD/USD: data on the American labor market – driver of price growth
Since the beginning of this month, the NZD/USD pair has resumed its growth and is now trading around 0.6030 after the publication of data from the American labor market.
FUND Buy 08.05.2024 11:02
NZD/USD: the price is preparing to exit the long-term range
The NZD/USD pair is correcting due to the American dollar stabilization, trading at 0.5991 against poor macroeconomic statistics from New Zealand.