EUR/USD 1.18831
0.101%
Gold 5066.67
-0.347%
Oil 64.006
-1.128%
USD/JPY 153.051
-0.142%
GBP/USD 1.36615
0.245%
GBP/JPY 209.094
0.116%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
February 12th - According to Hong Kong Stock Exchange filings, Haizhi Technology Group raised a total of HK$758.5 million in its Hong Kong listing. The issue price was set at HK$27.06 per share. The 2.8 million shares offered to Hong Kong retail investors were oversubscribed by 5,065.06 times, while the 25.2 million shares offered to international investors were oversubscribed by 8.39 times.The UKs Unite trade union: The vote results mean that the planned second eight-day strike will not take place.On February 12, the State Post Bureau held a directors office meeting. The meeting emphasized the need to continue implementing the "Interim Regulations on Express Delivery," focusing on building a green postal service, constructing a green and energy-saving service system, accelerating the industrys green transformation, and promoting energy conservation and carbon reduction in production methods, adding new luster to the high-quality development of the postal and express delivery industry. It stressed the importance of strengthening the implementation of regulations, standards, and policies such as the "Requirements for Restricting Excessive Packaging in Express Delivery," strengthening administrative law enforcement, and ensuring enterprises fulfill their primary responsibilities. The meeting also emphasized the need to deepen the source governance of express packaging, coordinating with relevant departments to strengthen supervision of upstream e-commerce companies and merchants, fully mobilizing the enthusiasm of all parties, and accelerating the pace of green transformation. Finally, the meeting called for the formulation of an industry standard, the "Methods for Carbon Emission Accounting in the Postal Industry," organizing carbon emission accounting, and promoting carbon reduction throughout the entire process.Mexican President Simbaum: Continues to propose mediating relations between the US and Cuba.The U.S. Federal Aviation Administration (FAA) plans to issue new airworthiness directives for certain Boeing 737s.

Analysis of the NZD/USD Price indicates a continuation of gains towards 0.65

Daniel Rogers

Jan 18, 2023 15:02

 NZD:USD.png

 

The NZD/USD pair is oscillating within a narrow range near 0.6430 in the early Asian session. Despite the market's risk aversion, the New Zealand dollar has traded sideways after reclaiming the monthly high of 0.6437. In reaction to Tom Barkin's hawkish comments about the Richmond Federal Reserve (Fed) Bank, S&P500 futures are exhibiting greater losses, indicating investors' diminishing appetite for risk.

 

Following a V-shaped recovery, the US Dollar Index (DXY) has turned sideways at 102,000 and is expected to extend gains on a risk aversion theme. In addition, higher 10-year US Treasury yields would certainly provide safe-haven investments a new lease of life.

 

After one hour of consolidation, the NZD/USD pair has broken out of the Bullish Pennant chart pattern, indicating that the rising trend will continue. Participants typically initiate long positions during the consolidation period of a chart pattern, preferring to enter an auction once a bullish bias has been established.

 

Adding to the upward filters, the 20-period and 50-period Exponential Moving Averages (EMAs) have resumed their upward trend at 0.6415 and 0.6401, respectively.

 

Meanwhile, the Relative Strength Index (14) continues to struggle to enter the positive zone between 60.00 and 80.00. The occurrence of a similar event will produce bullish momentum.

 

For greater gains, the Kiwi asset must beat Tuesday's high of 0.6439, which will rocket it to December 15's high of 0.6470, then December 13's high of 0.6514.

 

Alternately, a breach below Monday's low of 0.6361 will weaken the New Zealand Dollar and push the Kiwi asset towards January 12's low of 0.6304. A breach below this level will expose the asset to more losses approaching the low of 0.6263 on December 28.

Suggestion