Tag - nzd - new zealand dollar

Markets are mixed, prevailing mood is flight to safety. How do currencies respond?

NZD/USD has once again found support in the 0.6830 area. The price action on the H1 chart strongly resembles an inverted “Head and Shoulders” pattern.

Coronavirus causes more damage than thought before, markets mixed.

EUR/NZD formed a “hanging man” pattern on the W1 and went down to trade below the 100- and 50-week MAs.

Watch the video to discover which currency pairs look the most promising today!…

Your guide into the most important news for this week

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.

China reported it is ready to cut the trade-war tariffs imposed on some goods imported from the US by 50%. Let's check whether market sentiment improved.

Check the levels for AUD/USD, NZD/USD, EUR/USD, and GBP/USD.

Last month was mostly driven by market sentiment. The beginning of January was highlighted by the geopolitical crisis between the US and Iran. After the markets calmed down, the coronavirus that appeared at the end of 2019 spread causing depreciation of the risky assets and appreciation of the refuge assets.

Last week EUR/NZD made a triumphant comeback to the upside. The pair rose above the 50- and 100-week MAs in the 1.7000/7025.

The Fed Meeting will determine the strength of the USD today.