29.07.2014 9:09 NZDUSD
NZDUSD: under pressure against the background of a reduction in New Zealand dairy production prices
Sell now with a target of 0.8400. Stop loss = 0.8570. Current price = 0.8511.
Reason for the trading strategy.
New Zealand’s largest dairy producer, Fonterra, said that it has revised its outlook on payments to dairy farmers after the fall of prices for dairy products on world markets. As is known, this production forms a significant proportion of New Zealand’s exports. Therefore, in the coming months, we can expect a reduction in profits of national producers of dairy products.
NZDUSD, Daily
25.08.2014 9:09 NZDUSD
NZDUSD: under pressure after publication of New Zealand’s internal trade data
Sell on a level breakthrough of 0.8330 with 0.8260 target. Stop loss = 0.8390.
Reason for the trading strategy.
Today at 22.45 GMT, the New Zealand trading balance figures will be published. In July, a decline of this indicator from 247 million to -475 million is expected, which could put pressure on the Kiwi.
NZDUSD, H4
26.08.2014 8:08 NZDUSD
NZDUSD: consolidation despite the decrease in trade balance in New Zealand
Sell on a level breakthrough of 0.8310 with 0.8260 target. Stop loss = 0.8370
Reason for the trading strategy.
New Zealand’s trade balance in July fell from 242 million to (- 692 million), which was worse than expected (- $ 475 million.). In particular, imports to New Zealand in July amounted to 4.4 billion, while exports totaled about 3.7 billion. Despite the disturbing data on foreign trade, the Kiwi, having taken advantage of the yield on 10-year United States government bonds from 2.40% to 2.37%, attempted to rebound to the level of 0.8310.
NZDUSD, H4
11.09.2014 8:08 NZDUSD
NZDUSD: under pressure after the statement made by Wheeler RBNZ Governor
Sell on a level breakthrough of 0.8180 with 0.8069 target. Stop loss = 0.8250.
Reason for the trading strategy.
The Reserve Bank of New Zealand (RBNZ) left the official interest rate unchanged at 3.50%. Today also, RBNZ Governor Wheeler said that the growth rate for consumer price inflation in New Zealand in the 3rd quarter 2014 is likely to slow down from 1.6% to 1.3%. In his opinion, the decline in the commodity prices will put significant pressure on the “Kiwi”.
NZDUSD, H4
18.09.2014 9:09 NZDUSD
NZDUSD: growth against the background of New Zealand’s accelerating GDP in the 2nd quarter 2014
Buy on a level breakthrough of 0.8121 with 0.8210 target. Stop loss = 0.8060.
Reason for the trading strategy.
New Zealand’s GDP in the 2nd quarter 2014 grew by 3.9% with a forecast of 3.8% in annualized terms. The data is positive for the exchange rate of the Kiwi. From a technical point of view, buying the NZDUSD pair should be considered above the 0.8121 resistance level.
NZDUSD, H4
The kiwi is very close to touching the 89.00 level. It could find resistance there.
29.09.2014 8:08 NZDUSD
NZDUSD: under pressure against the background of a rise of the dollar
Buy on rebound from 0.7709 level with 0.7850 target. Stop loss = 0.7650.
Reason for the trading strategy.
Today, the New Zealand dollar is only beginning to regain an exceptionally strong statistics on the US GDP for Q2 of 2014. The Kiwi, having collapsed by more than 1.5 figures this morning, attempted to reduce some of the losses. In view of the presence of a close support of 0.7709, opening a long position on the kiwi, hoping for its further adjustment is worth considering.
NZDUSD, Daily
