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nzd/usd Technicals

Tuesday, 26 August 2008 14:10:04 GMT

New Zealand Dollar Technical Outlook

By Jamie Saettele, Senior Currency Strategist

nzd/usd Fundamentals

Thursday, 28 August 2008 00:41:03 GMT

A Rebound In Commodity Prices And Data Helps Comm Bloc

By John Kicklighter, Currency Strategist
Central Bank Interest
Central Bank Calendar
EURJPYGBPAUDCADNZDCHF  

New Zealand Dollar (NZD)

 ico-clock Current Time - Auckland: 10:06 PM | EST: 6:06 AM | GMT: 10:06 AM


SENTIMENT AND POSITIONING
SSI Positioning

NZD/USD Ratio: 1.14
Signal: Bearish


Full Article
COT Positioning

NZD:  The NZD index is at 4, having increased from 0.  We wrote last week that “speculators are net short the largest amount of NZD that we have on record (the record only goes back a few years though). 


Full Article
FUNDAMENTALS — THIS WEEKS ECONOMIC RELEASES
Most Recent Economic Releases Forecast Previous
NZD Food Prices (MoM) (JUL) 1.3%
NZD Trade Balance (New Zealand dollar) (JUL) -207.0M (R+)
NZD Imports (JUL) 3.80B (R-)
NZD Exports (JUL) 3.60B (R+)
NZD Reserve Bank of New Zealand 2-Year Inflation Expectation (3Q) 2.9%
NZD NBNZ Business Confidence (AUG) -43.2
NZD Money Supply M3 (YoY) (JUL) 7.4%
NZD Building Permits (MoM) (JUL) -20.1%


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Technicals - Support and Resistance for NZD
Support and Resistance Levels Interest Rate Outlook
Key Levels Strength Comments Timeframe Target
R4 0.7716 High 200 Day-SMA Benchmark 8.00
R3 0.7602 Medium 100 Day -SMA
R2 0.7412 High 50 Day-SMA 1 Week 8.000
R1 0.7155 Medium 20 Day - SMA 1 Month N/A
S1 0.7000 Weak Psychological Level 3 Month N/A
S2 0.6801 High 61.8% Fibo 0.5923-0.8212 6 Month N/A
S3 0.6575 High 61.8% Fibo 0.6637-0.8214 9 Month N/A
S4 0.6400 Weak Pschological Support 1 Year 7.660
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FROM THE CENTRAL BANK
  Central Bank: Reserve Bank of New Zealand
  Current Bias: Hawkish
  Current Interest Rate: 8.00%
  Last Change: 07/23/08 cut 25bp
  Next Meeting: 09/10/08    More Dates
Latest RBNZ Interest Rate Outlook		  
Central Bank Governor:  Dr. Alan Bollard

Current Voting Members:  Dr. Alan Bollard