- Overnight Interest Rate Update 03.18.10 Thu, 18 Mar 2010 10:37 GMT
- Overnight Interest Rate Update 03.19.10 Fri, 19 Mar 2010 05:01 GMT
nzd-usd
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- Mar, 12 NZDUSD: Long-Term Positioning Points to Losses
- Mar, 05 NZDUSD: Bearish Momentum Gaining as Prices Grind Through Support
- Feb, 26 NZDUSD: Channel Guiding Prices Lower But Entry Elusive
- Feb, 19 NZDUSD: Upswing Losing Step But Key Support Remains Ahead
- Feb, 12 NZDUSD: Channel Break to Promise Deeper Bullish Correction
- Feb, 05 NZDUSD: Short Position Pending Break of Channel Bottom
- Jan, 29 NZDUSD: Down Move Slows at Trend Line Support
- Jan, 22 NZDUSD: Losses Mount as Support Suddenly Evaporates
- Jan, 15 NZDUSD: Fading Relative Strength Studies Point to Weakness
- Jan, 08 NZDUSD: Positioning Hints Bearish Reversal Ahead
- Dec, 22 NZDUSD: Downside Favored After Range Support Breach
- Dec, 11 NZDUSD: Sell Entry Sought As Prices Consolidate
- Dec, 07 NZDUSD: Channel Guides Prices Lower, Short Entry Ahead
- Nov, 27 NZDUSD: New Zealand Dollar Short All But Triggered
- Nov, 20 NZDUSD: Bears Gain Traction Below Channel Support
- Oct, 30 NZDUSD: Bears May Return But Confirmation Still Elusive
- Oct, 23 New Zealand Dollar Bulls Retain Momentum
- Oct, 16 New Zealand Dollar Tests Trend-Defining Resistance
NZD/USD
Strategy: Pending Short
NZDUSD looks to have taken out support at the bottom of a rising channel that had guided prices since the lows in March. Prices retraced to re-test this juncture and current positioning is showing the makings of a Shooting Star, hinting that bearish momentum may be ready to resume in the near term. That said, even if confirmed on the close of the current candle, a Shooting Star is a low-grade signal that needs to be confirmed with a down close on the following candle. We will play it safe and remain on the sidelines for the time being.
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