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nzd/usd Technicals

Friday, 09 May 2008 14:26:54 GMT

New Zealand Dollar Technical Outlook

By Jamie Saettele, Technical Currency Analyst

nzd/usd Fundamentals

Thursday, 08 May 2008 23:04:29 GMT

Commodity Currencies Encounter Heavy Event Risk From Employment Reports

By Terri Belkas, Currency Analyst
Central Bank Interest
Central Bank Calendar
EURJPYGBPAUDCADNZDCHF  

New Zealand Dollar (NZD)

ico-clock Current Time - Auckland: 9:24 AM | EST: 5:24 PM | GMT: 9:24 PM


SENTIMENT AND POSITIONING
SSI Positioning

NZD/USD Ratio: -1.39
Signal: Bullish


Full Article
COT Positioning

Implications: Bullish


Full Article
FUNDAMENTALS — THIS WEEKS ECONOMIC RELEASES
Most Recent Economic Releases Forecast Previous
NZD New Zealand Tax Receipts (MAR)
NZD All Private Sector Wages (QoQ) (1Q) 1.1%
NZD Private Wages ex Overtime (QoQ) (1Q) 0.9% 1.1%
NZD Average Hourly Earnings (QoQ) (1Q) 0.9%
NZD ANZ Commodity Price (APR) 2.0%
NZD Unemployment Rate (1Q) 3.5% 3.4%
NZD Employment Change (QoQ) (1Q) -0.1% 0.9% (R-)
NZD Employment Change (YoY) (1Q) 1.3% 2.5%


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Technicals - Support and Resistance for NZD
Support and Resistance Levels Interest Rate Outlook
Key Levels Strength Comments Timeframe Target
R4 0.8217 High 2/27- 25 Year High Benchmark 8.25
R3 0.8019 Medium Bollinger Band Resistance
R2 0.7951 Medium 50 Day - SMA 1 Week 8.250
R1 0.7885 Weak 20 Day-SMA 1 Month 8.790
S1 0.7751 High Bollinger Band Support 3 Month 8.821
S2 0.7700 Medium Psychological Support 6 Month 8.900
S3 0.7664 High 200 Day -SMA 9 Month n/a
S4 0.7453 High 1/21 Close 1 Year 8.500
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FROM THE CENTRAL BANK
  Central Bank: Reserve Bank of New Zealand
  Current Bias: Hawkish
  Current Interest Rate: 8.25%
  Last Change: 07/26/07 hike 25bp
  Next Meeting: 06/04/08    More Dates
Latest RBNZ Interest Rate Outlook
 
Central Bank Governor:  Dr. Alan Bollard

Current Voting Members:  Dr. Alan Bollard