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FxWirePro: USD/CNY trades in narrow range, stay long

FxWirePro: Gold Weekly outlook

Currency market weekly Outlook:

FxWirePro: Sell Gold on rallies (Chart of the day US session)

FxWirePro: EUR/KRW remains well supported above 1,340 mark, good to buy on dips

FxWirePro: Singapore dollar trades marginally higher in early Asia, bias remains slightly bearish

FxWirePro: USD/TWD moves in rigid boundaries, Taiwan’s economic data in focus

FxWirePro: GBP/JPY major trend in inverse saucer, interim rallies on hammer pattern – Trade one touch call and short hedge

FxWirePro: USD/ZAR remains well supported above 15.00 mark, consistent close above 15.40 targets 15.87 mark

Crypto Technicals: IOT/USD bias higher on intraday charts, 'Death Cross' and 21-EMA resistance likely to keep upside limited

FxWirePro: Aussie trades almost flat against major peers ahead of RBA’s monetary policy meeting minutes

FxWirePro: USD/ZAR breaks key resistance at 15.40 mark, stay bullish

FxWirePro: Indian rupee rises gradually against U.S. dollar, good to sell on rallies

FxWirePro: Gold trades lower on strong USD, good to buy on dips

FxWirePro: FTSE100 breaks minor trend line resistance, jump till 7305 likely

Crypto Technicals: BTG/USD recovery lacks traction, weakness likely to continue

FxWirePro: USDCHF Daily Outlook

FxWirePro: NZD/USD holds above 0.68 handle, weakness only below 200-DMA

Wednesday, January 16, 2019 5:53 AM UTC
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comments

NZD/USD chart on Trading View used for analysis

  • NZD/USD is trading in a narrow range on the day, holds above 0.68 handle.
     
  • The major is extending consolidation above 200-DMA, momentum remains bullish.
     
  • Antipodeans resilient on fresh monetary and fiscal stimulus measures announced by China. 
     
  • Momentum with the bulls. Stochs and RSI are biased higher. Scope for test of 0.69 handle ahead of 0.6969 (Dec 4th high).
     
  • On the flipside, 5-DMA is immediate support at 0.6815. Retrace below 200-DMA will see weakness.

Support levels - 0.6814 (5-DMA), 0.6792 (200-DMA), 0.6777 (21-EMA)

Resistance levels - 0.6861 (Upper BB), 0.6909 (50% Fib), 0.6945 (Trendline), 0.6969 (Dec 4th high)

Call update: Our previous call (https://www.econotimes.com/FxWirePro-NZD-USD-breaks-above-200-DMA-focus-on-US-CPI-data-for-further-impetus-1483077) is progressing well.

Recommendation: Stay long for targets. 

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

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ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 815490815490m

ARAnnual Primary Balance*

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2016 bln ARS

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