Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: NZD/USD pauses downside at 200-DMA support, focus on NFP data for further impetus

NZD/USD chart on Trading View used for analysis 

  • NZD/USD pauses downside at 200-DMA support, break below to see further weakness.
     
  • The pair has retraced from highs at 0.6969 hit on Dec 4th. Doji formation at highs keeps scope for downside.
     
  • RSI and Stochs have turned lower. Upside remains capped at 5-DMA. 
     
  • Markets eye U.S. Non-farm payrolls report later today at 13:30 GMT.
     
  • Non-farm payrolls are expected to rise by 205,000 in November, down from the prior month's exceptional 250,000.  
     
  • The unemployment rate is predicted to remain at 3.7% and annual average hourly earnings to have increased 3 % last month as in October.
     
  • Upbeat data could put a strong bid under the US dollar, hence adding to downside pressure on the pair.
     
  • Break below 200-DMA could see downside till 110-EMA at 0.6741. Further weakness only on break below.
     
  • Bounce off 200-DMA negates bearish bias. Resumption of upside and test of 0.6969 then likely.

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex
 

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

February 22 04:00 UTC Released

MYCPI MM NSA

Actual

-0.5 Percent

Forecast

Previous

0.1 Percent

February 22 04:00 UTC Released

MYCPI NSA

Actual

120.5 Index

Forecast

Previous

121.1 Index

January 31 00:00 UTC 557561557561m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 557561557561m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 569381569381m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 557561557561m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 569381569381m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 557561557561m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 557561557561m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 557561557561m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.