Get started

Nzdusddaily

NZDUSD Fundamental Analysis – August 26th 2019Here is the key factor to keep in mind today for New Zealand Dollar trades: New Zealand Trade Balance: The New Zealand Trade Balance for July was reported at -NZ$685M monthly and at -NZ$4,463M 12-month year-to-date. Economists predicted a figure of -NZ$254M and of -NZ$5,012M. Forex traders can compare this to the New Zealand Trade Balance for June which was reported at NZ$365M monthly and at -NZ$4,937M 12-month year-to-date. Exports for July were reported at NZ$5.03B and Imports were reported at NZ$5.71B. Economists predicted a figure of NZ$5.05B and of NZ$5.20B. Forex traders can compare this to Exports for June which were reported at NZ$5.01B and to Imports which were reported at NZ$4.65B. Here are the key factors to keep in mind today for US Dollar trades: US Chicago Fed National Activity Index: The US Chicago Fed National Activity Index for July is predicted at 0.05. Forex traders can compare this to the US Chicago Fed National Activity Index for June which was reported at -0.02. US Preliminary Durable Goods Orders: US Preliminary Durable Goods Orders for July are predicted to increase by 1.0% monthly and Durables Excluding Transportation are predicted flat at 0.0% monthly. Forex traders can compare this to US Durable Goods Orders for June which increased by 1.9% monthly and to Durables Excluding Transportation which increased by 1.0% monthly. Capital Goods Orders Non-Defense Excluding Aircraft for July are predicted flat at 0.0% monthly and Capital Goods Shipments Non-Defense Excluding Aircraft are predicted to increase by 0.3% monthly. Forex traders can compare this to Capital Goods Orders Non-Defense Excluding Aircraft for June which increased by 1.5% monthly and to Capital Goods Shipments Non-Defense Excluding Aircraft which increased by 0.3% monthly. US Dallas Fed Manufacturing Activity Index: The US Dallas Fed Manufacturing Activity Index for August is predicted at -4.5. Forex traders can compare this to the US Dallas Fed Manufacturing Activity Index for July which was reported at -6.3. Should price action for the NZDUSD remain inside the or breakout above the 0.6340 to 0.6410 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 0.6375 Take Profit Zone: 0.6585 – 0.6665 Stop Loss Level: 0.6580 Should price action for the NZDUSD breakdown below 0.6340 the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 0.6315 Take Profit Zone: 0.6170 – 0.6235 Stop Loss Level: 0.6340
by PaxForex
NZDUSD approaching support, potential for a bounce! NZDUSD is expected to drop to 1st support at 0.63974 where it could potentially react off and up to upside confirmation at 0.64620. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Long
by Pepperstone
NZDUSD approaching resistance, look out for potential reversal! NZDUSD is approaching its resistance at 0.64946 where it is could reverse down to its support at 0.63989. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Short
by Pepperstone
NZDUSD to reverse from downside confirmation, potential drop! NZDUSD to reverse from its downside confirmation at 0.64360 where it could potentially drop further to 0.63400. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Short
by Pepperstone