Posts Tagged: NZD
NZDJPY has been stuck inside a broad range since February, bounded by resistance at the 95.00 psychological level and support at the 91.00 mark, and the pair is now sliding back down toward the lower boundary after a sharp pullback from the top of the range.
NZDUSD has broken above the descending trend line that had been guiding the pair lower since early June, with price rallying sharply off the .5637 low and testing the 38.2% Fibonacci retracement at .5776.
NZDCHF has been carving out lower highs connected by a descending trend line since early June, and the pair is now testing this resistance zone after bouncing off the 0.4558 low.
NZDCAD has been trending higher above a broad ascending trend line since April, with the pair recently printing a swing high at 0.8269 before retreating sharply to test key support levels.
NZDUSD has staged an impressive rally from the lows around 0.5829, breaking above a key area of interest and pushing all the way to the swing high at 0.5993.
NZDJPY has been carving out a symmetrical triangle pattern on the short-term time frame, with lower highs and higher lows converging toward an eventual breakout.
NZDJPY has been forming an ascending triangle pattern on the short-term time frame, with the pair carving out a series of higher lows along a rising trend line support while repeatedly running into a ceiling near the 94.00 major psychological level.
GBPNZD has been trending lower within a descending channel formation, with price recently breaking down from a smaller falling wedge pattern to set a fresh swing low near the 2.2627 level.