The Reserve bank of New Zealand will make its rate statement and publish its official interest rate on March 27, at 3:00 MT time.
Tag - nzd
The dovish Fed, the slowdown in Europe and Brexit were among the things that moved the market last week. Let’s look at this week’s opportunities.
Hottest events for this week!
The market will be mostly driven by the risk-on sentiment after the positive news on trade negotiations between the US and China. Let’s consider the key levels for AUD/USD and AUD/NZD.
Would you like to know the main market drivers for this week?
Find out the opportunities for the EUR/USD and the NZD/USD pairs.
New week - new trading opportunities!
AUD/NZD is making movements to the downside which are hard to ignore.
AUD/NZD met the resistance of the 50-week MA in the 1.0700 area.
There's a 'Double Top' pattern, which has been confirmed, so the price is likely going to test the nearest support at 0.6543 in the short term...
Now we are much more certain that the pair will test lower levels.
AUD/NZD has been forming a series of lower highs since April. This week the pair settled below the 100-day MA at 1.0500.