FxWirePro: NZD/USD consolidates previous session's gains, RBNZ policy awaited for further direction

| Technicals

Become a contributor

Bookmark Econotimes

| Technicals

FxWirePro- Gold Daily Outlook

FxWirePro- Currency Strength Index (4- Hour chart)- Currency pairs to watch (AUDUSD) for the day)

FxWirePro- Gold Daily Outlook

FxWirePro- Currency Strength Index (4- Hour chart)- Currency pairs to watch (USDCAD) for the day)

FxWirePro- GBPJPY Daily Outlook

FxWirePro- Top altcoins for the day (Strength index) (MKRUSD)

FxWirePro-Major pair levels and bias summary

FxWirePro- Top altcoins for the day (Strength index) (FTTUSD)

FxWirePro- EURUSD Daily Outlook

FxWirePro: GBP/AUD bearish despite upside attempts

FxWirePro: GBP/AUD neutral in the near-term, scope for downward resumption

FxWirePro: EUR/AUD outlook weaker on renewed downside pressure

FxWirePro: EUR/NZD drop accelerates ahead of the RBNZ rate decision

FxWirePro: EUR/AUD drifts lower, could be on verge of a bigger drop

FxWirePro-Major pair levels and bias summary

FxWirePro: EUR/NZD downside pressure builds, key support level in focus

FxWirePro- EURUSD Daily Outlook

©Econometrics LLC . All Rights Reserved.

FxWirePro: NZD/USD consolidates previous session's gains, RBNZ policy awaited for further direction

Tuesday, October 4, 2022 1:42 PM UTC

Chart - Courtesy Trading View

NZD/USD was trading 0.47% lower on the day at 0.5693 at around 13:00 GMT.

The pair is extending sideways, hovers around 200H MA, decisive break above will fuel further gains.

Focus on the RBNZ monetary policy scheduled for Wednesday for impetus, RBNZ is expected to sound hawkish.

A fifth consecutive 50 bps rate hike is expected by the RBNZ to continue the fight against inflation.

The DXY is showing signs of more weakness ahead of the US Nonfarm Payrolls (NFP) data later this week.

Major trend in the pair is bearish. Recovery lacks traction. Bearish invalidation only above 21-EMA.

Editor's Picks

Breathing through your nose when you exercise may make your runs easier

Entrepreneurs are facing a mental health crisis — here's how to help them

Are fish oil supplements as healthy as we think? And is eating fish better?

Will AI kill our creativity? It could – if we don’t start to value and protect the traits that make us human

Does AI have a right to free speech? Only if it supports our right to free thought

How can I lower my cholesterol? Do supplements work? How about psyllium or probiotics?

Why we need to set limits on sperm donation

Aging with a healthy brain: How lifestyle changes could help prevent up to 40% of dementia cases

Seven techniques to avoid weight regain, approved by experts

Market Data

KFC Cooks Up Fried Chicken that Perfectly Pairs with Alcoholic Drinks in Japan

OKX Expands Services, Adds Crypto Exchange and Wallet Platform in Brazil

Standard Chartered Joins China's Digital Yuan Trials, Eyes Cross-Border Payments

Binance's Setbacks Boost Coinbase Stock by 18% to Reach 18-Month High

Appeals Court Hands 'Forever Chemicals' Manufacturers 3M, DuPont a Major Win

Samsung’s Harman Subsidiary Buys Roon Music Streaming Platform to Boost Best in Home Audio Market

GSK's Pulled Myeloma Drug Outperforms J&J's Darzalex in Key Trial

Jack Ma Enters Food Business, Launches Ma’s Kitchen in China

FxWirePro- Top altcoins for the day (Strength index) (FTTUSD)

EconoTimes

Disclaimer: EconoTimes provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and EconoTimes specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Brokerage. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. EconoTimes expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.

Editor's Picks

Welcome to EconoTimes