EUR/USD 1.15305
-0.011%
Gold 4069.05
-0.200%
Oil 74.443
0.151%
USD/JPY 157.763
0.013%
GBP/USD 1.34484
-0.024%
GBP/JPY 212.170
-0.001%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
U.S. Treasury Secretary Bessant: With energy prices falling, we are no longer facing excessive depreciation of the yen, which will help reduce inflation and allow the yen to enter a virtuous cycle.August 5th - According to US media reports on the 4th, the US government has revoked the visa of the Brazilian ambassador to the US in retaliation for Brazils refusal last month to issue visas to two US State Department officials and its delay in accepting President Trumps nominee for ambassador to Brazil. The Associated Press, citing a State Department official, reported that this move was a reciprocal response to Brazils actions. The US government had repeatedly delayed taking action, giving Brazilian President Lula room to maneuver, but Lula did not change his position. If Brazil takes appropriate action and accepts the US ambassador nominee, the US can quickly withdraw the measure.The documents show that Berkshire Hathaway sold 182,980 shares of DeWitt stock at an average price of $199.55 per share, and still holds approximately 28.7 million shares of DeWitt stock.August 5th - According to the Financial Times, the Trump administration has paid out approximately $100 billion in tariff refunds since the U.S. Supreme Court ruled that its use of emergency powers to impose tariffs on trading partners was invalid. U.S. Customs officials reported to a judge at the U.S. Court of International Trade on Tuesday that this amount represents 60% of the $165 billion collected under the presidents "Liberation Day" tariffs.Musk: Starship is expected to be safe for human passengers by the end of 2027.

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