The upcoming days are going to contain lots of important economic events. Let’s go through them together in order to prepare for profitable trading.
Tag - nzd - new zealand dollar
AUD/NZD is making movements to the downside which are hard to ignore.
NZD/USD failed to overcome the resistance at 0.6430: yesterday’s close below 0.6385 confirmed the short-term victory of sellers.
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.
The economic calendar for the upcoming week contains a number of important events…
Although both the AUD and the NZD suffer versus the USD, it seems that, for now, the Australian currency is a bit stronger than New Zealand’s one.
Technical analysis of EURNZD
NZD/USD has met the resistance of the 200-day MA earlier this week (0.6500) and closed below the 100-day MA (0.6460) on Thursday.
EUR/NZD has once again turned down from the levels around 1.7600. The further downside is possible.