Goldman Sachs have put out an entire (technical analysis) report on the kiwi $, with multiple charts, all on the NZD!

11 charts in total:

  • NZDUSD weekly … Potential double top in place against highs?..
  • NZDUSD Monthly … Double top like pattern worked before…
  • NZDUSD Daily – Has traded quite –vely over the past week… (“-vely” is “negatively”, in case you’re wondering)
  • NZDUSD 1-mth Implied Vol. – Stands right against big support…
  • AUDNZD Monthly – One of the most watched crosses…
  • AUDNZD Daily – Near perfect 76.4% retrace against cycle low…
  • NZDCAD Mthly – USDCAD should rally, but CAD out-perform?..
  • NZDNOK – Holds multi-year channel/equality resistance?..
  • NZDSEK – Again holds multi-year channel/poss. projection?..
  • NZDJPY Monthly – Not at all time highs, but notable resistance?..
  • NZD/Broad Index – Attempting to lose upward momentum?..

You can probably guess from the titles which way the technical analyst is leaning in this case.

Here’s chart #3:

Goldman Sachs NZDUSD chart 23 July 2014

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The RBNZ announces their interest rate decision tomorrow – I posted on it yesterday (and a few more times before that). I’m looking for a hike on July 24.