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NZD USD Forecast for the Week 28th November, 2016

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Old 28-11-2016, 06:28
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Default NZD USD Forecast for the Week 28th November, 2016

The NZD traded against USD in a narrow rage and trying to recover from 0.70. The RBNZ sticks out in the first week of the last month. Here is an NZD USD forecast for the week of 28th November and undated technical analysis.
The US dollar continued to move higher on the “Trump effect”, but this wasn’t as stark as previously seen. In New Zealand, the trade balance deficit squeezed to 846 million, better than predicted and also credit card spending accelerated. However, core retail sales fell short.
There are 4 major economic events will come this week for NZD USD pair.
1. RBNZ Financial Stability Report
2. ANZ Business Confidence
3. Graeme Wheeler talks
4. Overseas Trade Index

NZD USD Forecast: Technical Overview

Previous week close: 0.7044
Current Week Open: 0.7053
Today’s Market Range: 0.7034 – 0.7090
52 wk Range: 0.6346 – 0.7487
1-Year Return: 8%

Weekly Support and Resistance Forecast

S 1: 0.7032
S 2: 0.7021
S 3: 0.7010

R 1: 0.7054
R 2: 0.7065
R 3: 0.7076
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Old 24-01-2019, 06:32
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Default Re: NZD USD Forecast for the Week 28th November, 2016

Technical Overview of GBP/USD, AUD/USD and NZD/USD Currency Pairs

GBP USD



The GBP traded higher against the USD and closed at 1.3066.

According to the Analysis, The pair is expected to find support at 1.29795, and a fall through could take it to the next support level of 1.28929. The pair is expected to find its first resistance at 1.31155, and a rise through could take it to the next resistance level of 1.31649.

Previous Day range was 136 and Current Day Range is 27.4.


AUD USD



The AUD traded lower against the USD and closed at 0.7139.

Australia Employment Change measures a change in the number of officially employed Australians in the reported month.

Employment growth is a sign of a stronger labor market and can be seen as positive for the Australian dollar quotes.

The pair is expected to find support at 0.71229, and a fall through could take it to the next support level of 0.71070. The pair is expected to find its first resistance at 0.71492, and a rise through could take it to the next resistance level of 0.71956.

AUD USD previous Day range was 26.3 and Current Day Range is 46.


NZD USD



The NZD traded higher against USD and closed at 0.6786.

Core Durable Goods Orders m/m reflect the value of orders received by manufacturers of durable goods in the given month compared to the previous one. The production of transport industry is excluded from the calculation.

The index allows forecasting future production volumes in the short term.
The value growth can have a positive effect on dollar quotes.

According to the analysis, pair is expected to find support at 0.67528, and a fall through could take it to the next support level of 0.67193. The pair is expected to find its first resistance at 0.68089, and a rise through could take it to the next resistance level of 0.68315.

NZD USD previous day range was 56.1 and current day range is 24.8.
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Old 06-05-2019, 09:19
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Default Re: NZD USD Forecast for the Week 28th November, 2016

Technical Overview of GBP/JPY and AUD/NZD Currency Pairs

GBP JPY

The GBP traded higher against the JPY and closed at 146.344.

GBPJPY @ a very strong resistance
Reasons
1- The Long Blue candle Represents Climax candle (indicating that smart money may be interested in selling).
2- Abcd formed @ 127Extension.
3- 127 level in confluence with trendline of Pivot Candles.
4- Price approaching the Middle Resistance 1 of 1st Quarter.
5- RSI H4 & D1 Already in Over Bought level.
6- High of Previous Daily & Weekly Candle also Broken.
So Scenarios
If we see A Low Volume Test (two bullish candles followed by a bearish one with low volume then we can expect selling).
If we break above the 161 Level with 2 bearish candles followed by 1 bullish low volume candle may resume uptrend.

According to the Analysis, The pair is expected to find support at 145.254, and a fall through could take it to the next support level of 144.164. The pair is expected to find its first resistance at 146.951, and a rise through could take it to the next resistance level of 147.558.

GBP JPY Previous Day range was 16970 and Current Day Range is 9510.

AUD NZD

The AUD traded higher against the NZD and closed at 1.0572.

The Pair Formed
1- Mother bar in side bar @ the Quarterly Resistance, Previous Month Resistance and Monthly Pivot Levels. It’s in a range for now.
2- 55 and 21 Period Moving average has a downward slope.
3- Pair has made a series of LH and LL and the Trendline from the PIVOT CANDLES has been formed.

Scenarios

1- A break below the Low of Mother bar may continue the trend.
Or
2- A break above the Mother bar High may have a change in bias towards the up side.
The pair is expected to find support at 1.05557, and a fall through could take it to the next support level of 1.05396. The pair is expected to find its first resistance at 1.05833, and a rise through could take it to the next resistance level of 1.05948.

AUD NZD previous Day range was 27.6 and Current Day Range is 32.4.
https://xtreamforex.com/academy/tech...urrency-pairs/
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