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  1. #1
    Legendry Member milos's Avatar

    NZD/USD PUT OPTION A MONTH EXPIRY !!!

    Below 0.656 look for further downside with 0.6525 and  0.65 as targets.


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  3. #2
    Legendry Member milos's Avatar
    New Zealand Dollar is doing well in the forex market.There are indications that such a situation could reverse the worst. Unemployment rate rose in the country on a quarterly basis from 5.8% to 5.9%.

    Bad news for the economy of New Zealand is a drop in the price of milk and dairy products on the world market.Dairy products are lower by 50%. Exports of milk and dairy products accounted for 30% of gross domestic product GDP of New Zealand.

    China is the largest importer of milk from New Zealand.The slowdown of Chinese economy this decreased by 65% import milk from New Zealand.It could be the end of the year continued to fall.

    The Central Bank of New Zealand could decide to cut the benchmark interest rate.The bank is due to a drastic fall in the prices of exports to China and Australia and the cost of milk and dairy products decided in June for the first time since 2011 lowered its benchmark interest rate from 3.50% to 3.25%. Currently interest rate 3.00%.


    Support and resistance levels
    0.6700 resistance
    0.6675 resistance
    0.6640 resistance
    0.6566 Last
    0.6560 support
    0.6525 support
    0.6500 support

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  5. #3
    Legendry Member milos's Avatar
    Business NZ Manufacturing Index recorded 55.2 points in June while it was recorded 53.5 in July. It was less than expected. Producer Price Index rose to 0.6% from 0.5%.

    Retail Sales is published only on a quarterly basis.It is important indicator in New Zealand.Q1 was strong with 2.7%. It is expected to be weaker to only 0.5%.

    Core Retail Sales was 2.9% in the first quarter while it is expected 0.7% in the second quarter.

  6. #4
    Legendry Member milos's Avatar
    GDT Price Index rose 14.8% after falling 9.3%. Inflation of input producer prices in New Zealand fell in the last quarter to minus 0.3% from minus 1.1% in the previous quarter.Analysts had expected a decline to minus 0.5%. Producer Price Index output fell to minus 0.2% after falling minus 0.9%. It was in line with the forecasts of economists.

    NZD/USD the upside prevails with targets 0.6605 and 0.6625 in extension.

    Supports and resistances levels
    0.6650 resistance
    0.6625 resistance
    0.6605 resistance
    0.6590 Last
    0.6555 support
    0.6530 support
    0.6510 support

  7. #5
    Legendry Member milos's Avatar
    New Zealand Dollar rose against the US dollar after a positive report on the trade balance of New Zealand.Gains were limited. NZD/USD recorded the peak at 0.6511 and it subsequently consolidated at 0.6487.The pair was likely to find support at 0.6423 and resistance at 0.6567.

    Official data showed that the trade balance of New Zealand fell in July to minus $649 million after falling $194 millions in the previous month while analysts expected a decline to minus $665 million.

  8. #6
    Legendry Member milos's Avatar
    Business Confidence remains worse than expected. It dropped to 29.1% after falling 15.3%.New Zealand's terms of trade index rose in the second quarter at a rate of 1.3% after rising 1.5% in the previous quarter. Analysts had expected a drop of 1.9%.GDT Price Index rose 10.9% in August after rising 14.8% in July/

    NZD/USD under pressure with targets 0.6315 and 0.6285 in extension.

    Supports and resistances levels
    0.6470 resistance
    0.6430 resistance
    0.6405 resistance
    0.6340 Last
    0.6334 support
    0.6285 support
    0.6240 support

  9. #7
    Legendry Member milos's Avatar
    New Zealand dollar slipped against the US dollar during cautious trade.Investors are focused on the publication of US economic reports to be published 8.30am by EST.NZD/USD recorded on the bottom 0.6329 and it subsequently consolidated at 0.6349.The pair finds support at 0.6244 and resistance at 0.6481.

    Even though a continuation of the consolidation can't be ruled out its extent should be limited with 0.6285 and 0.624 as targets.

    Supports and resistances levels
    0.6505 resistance
    0.6470 resistance
    0.6430 resistance
    0.6373 Last
    0.6330 support
    0.6285 support
    0.6240 support

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  10. #8
    Legendry Member milos's Avatar
    New Zealand manufacturing sales down in June 2015 quarter.It fell to 0.4% after falling 1.6%.

    NZD/USD key resistance at 0.63. The pair has broken below a rising trend line and remains on the downside with targets 0.6240 and 0.6220 in extension.

    Supports and resistances levels
    0.6360 resistance
    0.6330 resistance
    0.6300 resistance
    0.6284 Last
    0.6240 support
    0.6220 support
    0.6190 support

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