NZD/USD and Cross Pairs: Levels, Ranges, Targets

 

NZD/USD. Significant points 0.7237, 0.7180 and 0.7064 Vs 0.7450 and 0.7615. Range indicators offer outright sell. Extreme sell points above 0.7315 and 0.7356 Vs 0.7237, 0.7218 and 0.7201. Terrific currency pair, moves well, responds as AUD/USD perfectly to targets. The RBNZ’s system of interest rates is just perfect and no need to ever change.

NZD/JPY. Break points 80.66, 80.14 and 78.68. Currently overbought and matches to overbought in AUD/JPY as AUD/JPY and NZD/JPY are the same pairs. Outright sell in range indicators and also matches to AUD/JPY.

NZD/CHF. Break points: 0.7012 and 0.6950 Vs 0.7233. NZD/USD and NZD/CHF are same pairs and move in unison so Double trade. Same deal as AUD/USD and AUD/CHF. Fairly neutral for NZD/CHF and same as AUD/CHF.

NZD/CAD. Far oversold and a big move is ahead for NZD/CAD. Oversold in NZD/CAD matches against AUD/CAD. Outright long on Range Indicators and also matches AUD/CAD.  Break points: 0.9465 and 0.9479 Vs 0.8914.

NZD/EUR.   EUR/NZD Opposite correlations to NZD/USD, long in NZD/USD is short in EUR/NZD and vice versa. NZD/EUR break points 0.6417 and 0.6451 Vs 0.6303 and 0.5781. Translates to EUR/NZD at 1.5583, 1.5501 Vs 1.5865 and 1.7298.

EUR/NZD Break points 1.5893, 1.5586 and 1.5505.

 

Brian Twomey

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